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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Bucky Katt who wrote (8013)	2/25/2001 3:24:23 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

Market Meanderings... *************************** William: We are in the unusual situation of a Wall Street recession, not a Main Street recession... With unemployment levels still near their historic lows it's hard to call this a recession... But, if the layoffs continue, and the cycle of lessened demand leading to more layoffs continues, then we visit Recessionland... The FED is like the Roman Centaurians standing ready at the Gates of Rome as the Huns, Goths, Visigoths, and others descended upon Rome... Somehow I find it hard to imagine Alan Greenspan in one of those Mark Anthony skirted uniforms with a sword at his side and a plumed helmet on his head... : > To help you picture this think of Richard Burton as Mark Anthony in the Cleopatra movie... movieactors.com Somehow I'm thinking of another Alan; Woody Allen... : > media.uio.no Just like Woody, Mr. Greenspan has concocted a two act play with the third act being written as the first two acts play out... The question is who will get the last laugh... Next week Alan speaks before Congress... We also get the consumer sentiment numbers... Wayne Angell is talking up a rate cut... Bill Gross says that's crazy... We have the elements for a real cliffhanger in that third act... Which way will it go? And what about that Villain that's been mugging the economy... Will Woody pull himself away from Sung Yi long enough to give us a happy ending? Wait a minute! that's the wrong Allen... But perhaps the two clarinet players, Woody & Alan can compose some sweet music to cut rates by... All kidding aside... Alan dug a hole for the economy... Will he throw it a rope in time before the consumer stops consuming... As more and more people are laid off, their discretionary spending stops... that's not good for autos, TV's and electronics, computers, and anything else that's not a necessity... And, it's certainly not good for the stock market and companies needing financing... With that said I'm loosening up some funds for a bet on a bounce this week... If I get it I'll take the money and run... If I don't get it I'll just run... : > Jim