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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (47867)	12/14/2000 6:59:21 PM
From: Ilaine	Read Replies (3) \| Respond to of 436258

Joe Six Pack, aka my husband, is taking his retirement money out of the market and putting it into T-Bills. Time to go long?

To: AllansAlias who wrote (47867)	12/14/2000 7:48:47 PM
From: marginmike	Read Replies (1) \| Respond to of 436258

No volume

To: AllansAlias who wrote (47867)	12/15/2000 8:22:11 AM
From: pater tenebrarum	Read Replies (1) \| Respond to of 436258

that attitude confirms what the various sentiment data are saying: complacency is rife. AAII bulls are e.g. back to 60%. attempting to buy dips in tech has become almost as dangerous as buying Dow dips in 30/31...only strict a stop-out discipline works if one happens to catch one of those one to two day moonshots. note, in the aggregate, the market does not yet reflect/discount the possibility of a recession. the total market cap loss from the peak of currently 2,3 trillion dollars merely reflects the removal of the worst froth. the S&P index, while technically weak, is more or less where it was already in April '99, before the tightening cycle began, and when both the expansion, and the outlook for it to continue were still intact. one has to keep this in mind when passing judgement on the market...the slowdown/possible recession is as of yet not discounted. presumably because everybody hopes easy Al will pull another rabbit out of his hat.