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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: Bryan who wrote (24881)	12/15/2000 11:22:49 AM
From: Joe Hoek	Read Replies (1) \| Respond to of 49816

EXTR getting whacked hard here. May look for an entry IF things look like they may recover and hold.

To: Bryan who wrote (24881)	12/15/2000 11:40:14 AM
From: KevinMark	Respond to of 49816

>>>Unfortunately there are more important macro forces in the economy that are hacking away at the available pool of funds for the market<<< Bryan, I agree with that 100%, and that's what really scares me. The treasury is taking money out of the market, investors have lost 4 trillion, and businesses are starting to cut back. I do believe we will see a short-term rally till mid-February, then all bets are off. I think we are heading into a very serious downturn in this economy by the end of 2001, and this decade will result back to the merger and acquisition game, similar to the 80's. Gordon Gecko politics. I would never suggest holding anything long-term. Those who shorted back in March, are living large right now. All they have to do is keep their shorts, and buy call options to trade the market's short-term rallies. The one problem I do have with AG is....he tends to look at REAL-time #'s versus taking a walk outside from his cave. The unemployment rate hasn't sky-rocketed yet, due to so many available workers are running their own businesses at home. This will all change by late next year, because cash levels have been depleted. However, there will be some tech companies that surprise and grow in this market, but for the most part, Gold, energy, and food is where the money will be made on a buy and hold strategy for the long term. I'm going to dig up a recent post that warrants reading. I'm in Charlotte right now, and the sports radio shows are polling the callers about why they aren't supporting the Hornets, when they have a pretty good team. Will more than likely win the Eastern conference. Every one has their theories, but noone seems to mention that families just cannot afford $200 bucks to go see an NBA game during the week. But, it doesn't even dawn on these idiots, that's the real reason. A sign of things to come, IMHO. KM