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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: LemonHead who wrote (13772)	11/30/2000 8:58:09 AM
From: OldAIMGuy	Respond to of 18931

Good morning Keith, I broke my promise to myself and switched on CNBC while I was breaking my fast. (pickled herring and cream cheese on whole wheat crackers - now I'm ready for ANYTHING!) They were busy whipping up a solid panic this AM, pre-market opening. They spoke to Nortel's CEO. They tried to tell him that just meeting expectations of 30% growth wasn't good enough and that he'd just have to do better! :-) They tried to talk him into believing there's a massive recession taking place in telecomm equipment companies. He wasn't buying their line. They brought up "Tax Loss Selling" and how it can wreak havoc on stocks down for the year. (now there's a really new idea!) They talked about flight from stocks to bonds raising bond prices. They talked about futures having a bad smell. Essentially they brought up every Market Demon they could. No Dec. rally because yada, yada, yada! One guy tried to stretch the market's ultimate bottom until the end of 2001 because of FED policy. Knowing full well that the rest of the investing community was watching all this without the comfort of herring pickled in wine sauce in their bellies tells me that the market's going to open on a sour note. After that, I don't have a clue. I tried to look up the spelling of kapichilashion, but couldn't find it in the dictionary. Whatever it is, those guys on TV sure sound like they want it *BAD*!!! Best regards, Tom