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


To: Voltaire who wrote (25797)12/18/2000 9:47:53 PM
From: Jim Willie CB  Read Replies (1) | Respond to of 65232
 
Fed reacts to panic, to deterioration, not before
they dont react to clear signals of imminent deterioration
they are incredibly slow to action historically
nothing has changed

bear in mind, after Asian Meltdown began in August97
they waited until Sept98 to react
all the way to the Russian default, to the LTCM meltdown

January target for Naz: 2200
/ jw



To: Voltaire who wrote (25797)12/18/2000 10:47:41 PM
From: freeus  Read Replies (2) | Respond to of 65232
 
feds: we hear at 3:30 est? half hour before market closes?
Freeus



To: Voltaire who wrote (25797)12/19/2000 9:10:59 AM
From: im a survivor  Read Replies (2) | Respond to of 65232
 
Didn't greeny already kind of move to nuetral in his last speech??

So your bailing on everything if they dont go to at least nuetral, huh?!....Hmm, the king of the bulls running for the hills. Could that signal a bottom.....I mean, you've been saying buy this market all year long, and all we've done is go down. Now finally, 2000+ points lower, the king runs for the hills.....Vster, you sure you wanna do that? You yourself even say regardless, we eventually go higher......

What do you make of extr in here? I do like the fact that the premiums are ripe for some cc writing. My concern, is that even though it's at $55, it still sports a hefty PE and valuation. It could be on it's way for alot more downside. On the other hand, if she holds, or doesnt drop too much further, it would make a nice CC play as the premiums are very nice.

Opinions....anyone?

keith