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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: rocklobster who wrote (43654)	12/16/2000 9:04:25 PM
From: American Spirit	Read Replies (3) \| Respond to of 57584

Greenspan must also stabilize the stock market. I'm sure he knows that even factoring in slower growth and flat earnings this market is becoming too undervalued. That is dangerous for everyone in America because the perception that the market is not a safe place to invest is economic suicide. The bubble has definitely burst but before frightened investors flee for good Greenspan should come in and breathe some hope back into the situation. As for a possible drop tomorrow, I think it's already happened. Thursday and Friday were pretty brutal. That was panic selling IMHO, to dump IBM below 90, MSFT below 50, etc. Treue there is some tax-selling left but otherwise I wouldn't be surprised if we rally again. The opposite of what is expected. That's been the norm recently. I mean EVERYONE expected a rally after Bush won. But just the opposite.

To: rocklobster who wrote (43654)	12/17/2000 2:10:58 AM
From: pressboxjr	Respond to of 57584

<<Don't count on the fed to feel obligated to bail out the bubblonians.... remember "irrational exuberance" that was 1996, and the compounded return on the NAZ since then has been tremendous even at current levels..>> I think the Fed's last concern right now is the stock market IMO. Their main concern now should be the rate at which the economy has slowed since early fall. What is interesting to look at is a chart of the Utility Index. It looks good now, but is it at a top? My charts show that it has broken some major support and could some more in the coming days. I have been looking at daily charts of the Dow, Nasdaq, Dow Transports, US dollar and the Utility index and is tells me that we are at a major decision point. Good luck to all and let's hope that Greeny has a surprise for us. If not, I hope everyone has cash in their stockings when they wake up on Christmas Day. JR