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To: BigBull who wrote (78820)11/13/2000 11:45:58 AM
From: Sharp_End_Of_Drill  Read Replies (2) | Respond to of 95453
 
Bigbull, JPM and CMB beginning their own bear market - break my heart - vbg.

I've been holding puts on these guys that until today were underwater.

Watching fluffy stocks defy gravity in such gloomy circumstances often provides a good opportunity. The banks are beginning a trip down a long slippery slope IMHO.

Sharp



To: BigBull who wrote (78820)11/13/2000 12:00:32 PM
From: isopatch  Read Replies (1) | Respond to of 95453
 
For sure, financials are a key here. Big time "bank tank"?

And "Easy Al" will crank up the printing press.

PPT's job is to plug minor holes in the dike or slow the rate of a market decline.

But if we melt down, especially in the big bank stocks, the Fed will flood the system with liquidity.

IMHO, THAT's when gold is likely to have (at least) a strong ST rally.

Iso