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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: Voltaire who wrote (25430)12/15/2000 4:04:44 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
didnt see the close you expected, again / jw



To: Voltaire who wrote (25430)12/15/2000 4:19:11 PM
From: im a survivor  Read Replies (1) | Respond to of 65232
 
Two things on my mind. First, lots of sideline money. Techs oversold. When and where will the sideline money go? I think I can answer the first. Money will go to the oversold....the techs.....the big question is when? How long does the sideline money wait, and how low does naz go, before we start a sustained upward climb?

Second. Short positions. Still very high I assume. Me personally, I will never short a stock. Sure, had I, I would be rich, but I have no desire to be short. However, many others are. When do they cover? Why would a short hold a short position in such an oversold market? Sure, maybe JDSU goes to $20, but since it's off 70% or whatever off it's high, why would one want to be short. Same with naz in general. Are we really heading for naz 2200 or less? If so, I guess it's wise to be short, but for the life of me, I cannot see why people would short such an oversold condition. Are things really that bad, that at 2600 and small change, shorts have a better chance of making a buck then longs ??

Keth



To: Voltaire who wrote (25430)12/15/2000 4:30:13 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
Former FedGov Gramlee thinks Fed might cut rates Tuesday
he gives it 50% chance
he said he would pound the table for cuts immediately

Former FedGov Rivlin thinks Fed simply moves to neutral bias
without even a move to easing bias
and cuts in January and again later

new press report claims a few current FedGovs actually believe the slowdown is only temporary, with a surge of growth around the corner, complete with its threat of inflationary pressures

THESE FED GOVS ARE THE MOST INCOMPETENT EFFING IDIOTS
I HAVE EVER SEEN PRACTICE STATISTICAL ANALYSIS AND FORECASTING

unelected, unaccountable, unresponsive, incompetent

they will cut rates only when evidence abounds of damage
and after Asia falls apart

prediction by Dec22: Naz 2475
(after no rate cut, not even easing bias)

/ jim