Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: abuelita who wrote (33708)	11/27/2000 4:23:12 PM
From: jambo-bwana	Read Replies (1) \| Respond to of 35685

Rose, I think that the key element that has to fall in place before we can see a sustained rally is a change in the posture of the Fed. Marty Zweig used to repeat ad infinitum two market rules: "Don't fight the Fed" and "Don't fight the tape". It took a while before the Fed's tightening finally impacted the market but it is the Fed's stance together with its effect on earnings and the excesses in valuation that we saw that is responsible for this devastation that we have seen. I think that the situation in the Middle East will remain a relative non-event in relation to the market unless there is a threat to oil supplies/prices. I know that the election is blamed for some of what we have seen but the reality is that we were in a marked down-trend even before the election debacle. At this point, I don't think that it matters whether Bush or Gore becomes president - very little in the way of anything that is not acceptable to the center will get through given the composition of the House and Senate. But seeing Bush give his speech yesterday in which the guy looked like a POW reading the script provided by his captors was not inspiring. Hopefully, he will get better with practice! I recall Sally Quinn (Ben Bradlee's wife) being asked before the election who she would rather be seated next to during a transatlantic flight; she said that she would like to spend the first half with Gore because she could have a serious discussion about issues and then the second half with Bush so that she could relax and enjoy a couple of drinks. I suspect that it summarizes the attitude of a lot of Americans as to how they view these two people. I don't know whether you ever watched "Seinfeld" -- there was an episode about producing a show about "nothing". I guess if we end up with Bush, we will end up with a presidency about "nothing" -g-