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


To: Boplicity who wrote (28564)1/8/2001 1:12:20 PM
From: limtex  Read Replies (2) | Respond to of 65232
 
GM - Well now what. no end in sight to the daily drop. In the last three months no consecutive three days up.

Now with the election out of the way,
December selling period out of the way
October/November fund selling period out of the way
Bush victory that was supposed to be good for equities
Bush announcement of a biggish tax cut
statements from Mr G that he was keeping a close watch on the economy
Fed chaging bias to neutral
Abbey Joseph Cohen saying that the market was ovesold by 15% or so ( she said that when the Naz was over 3,000)
A surprise rate cut of 1/2%, only ever happened once before in the last hundred years ( quick pop which lasted all of two and a half hours)

Still equities are unwnated and people selling into the least rally.

What next? Getting time to call it a day.

Best regards,

L



To: Boplicity who wrote (28564)1/8/2001 1:12:20 PM
From: limtex  Respond to of 65232
 
dup



To: Boplicity who wrote (28564)1/8/2001 1:17:05 PM
From: Jim Willie CB  Read Replies (2) | Respond to of 65232
 
bases are built from stable times
we aint got such today or the morrow
thanks to the Fed and his governors crimes
most accounts for now remain hollow
/ chix



To: Boplicity who wrote (28564)1/8/2001 1:17:06 PM
From: Jim Willie CB  Respond to of 65232
 
dups, SI errs, oops