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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?


To: Peace who wrote (36411)1/17/2001 11:48:39 AM
From: IQBAL LATIF  Respond to of 50167
 
<<A Caveat...
***************
If this market runs too far too fast it may affect the FED's decision making process... We'll most likely get a quarter point cut... We might have gotten a 1/2 point cut if the Nasdaq was weaker...
Jim >>

I have highlighted that last night, the Fed based move is a poor move, in earnings season we could have seen the break through the 2100 to point of nowhere, that was the whole point are we going to hell or this is the point of inflexion, the guys in the blue coats know it well that the employment GDP growth relationship is dead and the real rates are real high and most importantly the fact that if we are in rate cuts environment with good M@ and all the damage from huge reduction and charges taken by the companies from .coms debacles and the euro now strengthening against $, we may see some sliver linning in the clouds, makret trades on the future moves and i will like all that now to be discounted with some 'mother of all bad news'...each of these items had a material impact on the balance sheet of the companies reporting from INTC to AMCC, you must have forgotten the charges of the 'bears' until last good quarter of INTC that look at the huge invesmtent income, with that out and a drop of 15 % in revs we are looking at company that was in 1997 at these levels before that stratospheric move, where I wnet out of NAZ in to DOW 5000 went back in NAZ at 3800-4000 and lost the battle to 2200 a full 1800 points,, but with that dynamic hedging practices was able to contain, made up for the lost time and back to scalp and run..



To: Peace who wrote (36411)1/17/2001 11:49:35 AM
From: IQBAL LATIF  Read Replies (1) | Respond to of 50167
 
Easy money will be stopped out at plus minus 3028 somewhere there we have the largest of the 'stop loss positions' of the shorts or the easy money who are aall long and have estalbished these as a hedge.. we got to have that wrung..and we rock all the way to 3800 in no time.. but that is a big if????