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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks -- Ignore unavailable to you. Want to Upgrade?


To: Bryan who wrote (2081)2/23/2001 10:19:01 PM
From: stomper  Read Replies (3) | Respond to of 6927
 
"The excess credit which the Fed pumped into the economy spilled over into the stock market — triggering a fantastic speculative boom. Belatedly, Federal Reserve officials attempted to sop up the excess reserves and finally succeeded in braking the boom. But it was too late: by 1929 the speculative imbalances had become so overwhelming that the attempt precipitated a sharp retrenching and a consequent demoralizing of business confidence. As a result, the American economy collapsed... The world economies plunged into the Great Depression of the 1930s."
— Alan Greenspan, The Objectivist, 1966

Ahhhh, the blush of youth.

-dave



To: Bryan who wrote (2081)2/23/2001 10:28:44 PM
From: Jack Hartmann  Read Replies (1) | Respond to of 6927
 
Bryan, Incredible post looking at the hindsight. Huge volume on the techs yesterday. Trying to get some balance in my portfolio and sell some fiber optic stocks.

all the references to a near bear market.

Not sure what you mean.

I was reading Bogle this week and he said that mutual funds always have too much cash at the bottom and very low levels at the top and this was one reason most can't beat the S&P over a period of five years. And I have more cash than usual now.

then we must test that important level of NAZ support at 1900

Good number to watch. Has some better thought behind it.

Jack



To: Bryan who wrote (2081)2/24/2001 7:25:39 AM
From: DebtBomb  Respond to of 6927
 
Hi Bryan, I've had your earlier posts in the back of my mind as the Nasdaq goes to new lows.
Did you catch Moneyline last night?? Big fund manager says, no surprise intermeeting cut coming. Others say if it comes, it will be before Greenspan talks on Wednesday, and that it would likely be on Tuesday.
It ain't coming IMO, but no guarantees.
At some point, at some level soon, we should have a relief rally IMO.
And, the 3/20 cut should begin to get priced in.
But, we may need to crash and wash-out first.
Baldy is probably right, we were headed there for Monday, until the Angel dude pumped things up in front of short covering yesterday.
Maybe 1900 is coming next week, I didn't think so a month ago, but it could happen.
Then maybe a relief rally until 3/20.
Then maybe to new lows again by June, before things improve.
The biggest problem I have with the market right now is the semi's.
If this semi bounce is a sucker's rally, all hell is going to break loose over the next few months, IMO.
At some point though, the semi cycle will turn up, and things will improve.
But, some are talking about the semi's and the SOXX going to new lows over the next few months. If that happens, the Nasdaq is going down, I hate to say.
So, institutions better keep on buying those semi's, or else.
I hope we all can invest by the fall.