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To: Lucretius who wrote (63060)1/30/2001 1:18:12 PM
From: oldirtybastard  Read Replies (4) | Respond to of 436258
 
it's just so damn strange...this isn't j6p buying say, BAC, it's the damn mufus - so what the hell are they thinking? Who are they gonna sell it to? They've been buying the shit out of it for a while and now they will get the rate cut and then just sit on the pig for 6 months and wait to see how things shake out with the economy? It makes so little sense to me, but maybe banks are a risk free investment and we stoopit bears just don't realize it. They're a weak link but also one that will/must be defended at all costs.

If we tank on the announcement, that means the level of hope out there is just huge right now, retail and institutional, because selling the stuff will take them more than one day. Livermore did say all distribution is done on the way down or something like that. who the hell knows, I'm staying short, got some calls though not enough if we melt up tomorrow