Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ultra OTC Fund - UOPIX -- Ignore unavailable to you. Want to Upgrade?

To: bob wallace who wrote (1102)	1/4/2001 9:59:47 AM
From: bob wallace	Read Replies (1) \| Respond to of 2063

Cramer is over on realmoney still pounding the table for a new bull market after the Fede ease... but he is influenced by his infamous bad call the day before the Fed ease in '98, and his inability to change direction and get onboard however, for a dose of reality I quote from the "big picture" in today's IBD (and I apologize to those who have already read it): "Rate cuts are good for the market, but they’re no guarantee of a bottom. In 1981 and 1960, the market headed lower even after the Fed started reducing interest rates. And in 1987 and especially 1957, the market traded sideways as the Fed eased." and also: "While even brand-name techs such as Sun Microsystems, Cisco Systems and EMC Corp. rolled over in recent months and weeks, investors never seemed too concerned. Their resolute bullishness, measured by many sentiment indicators, continues to hang over this market. Investment advisers, who had lost some of their optimism in the prior two weeks, regained a bit of bullishness. Historically, you’ve needed a lot of bears to start a bull market." the NDX has had these record setting rallies twice before in this decline, and yet we have not had a follow on 5% increase following the rally day... why will this time be any different? Bob