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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (40965)	1/15/2001 3:26:24 PM
From: Lee Lichterman III	Respond to of 42787

I didn't say I was sure. I haven't said I was sure about Fed action since I said they would not cut all the last half of last year when everyone else was screaming for one. I think it is a toss up right now although I am leaning heavily they won't cut by 50. A 1/2% cut is a BIG cut and will take time to take affect. The last thing AG wants is another bubble and stupid speculation in things that have no future for profits. We are still seeing signs of denial in the market. Just look at some of the crud that popped last week. The dipsters are slowly getting slammed enough to be more careful but there are still a bunch of them left. Most of the rallies lately start off OK with some sound buying and cautious enthusiasm but then as the rallies mature, the crud stocks take off again. I saw stuff that I wouldn't wish on my worst enemies go up 20% in one day last week and multiple other questionable investments bounce 15% or more. I think there are a bunch of Mo Mo guys out there that lost their shirts and are now trying to make it all back in a few trades. Once we take them out, maybe we can put a real floor in. Earnings will get worse before they get better. I think the GIANT liquidity injections were are seeing is the Fed and Treasury trying to keep the bubble afloat, keep the market sideways until FA and earnings can catch up to stock prices and then hope they can spark a more stable 3% growth rate for the economy. Can they pull it off, heck if I know. They are much smarter than I am. I also think some of these injections are nothing more than trying to keep things afloat until Bush takes over so he can get the blame for the collapse. Clinton is a sleaze ball but he is no dummy. 3 more days and counting. I agree with Don that the most bullish scenario would be for all three major indexes to hit a simultanious low and stop this sector rotation junk. We need to show that the money isn't just sloshing from one sector to the next and is really scared. That and the elimination of the dumb MO Mo chasing money and we could have an investors market again. Good Luck, Lee