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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: baddtiming who wrote (48249)3/1/2001 10:08:30 AM
From: BANCHEE  Respond to of 57584
 
baddtiming
I was wondering why it was green on my screen..
Tks.
Banchee
Ps Cave life isn't too bad....Running water,heat,food,ammo
and very good posters in here...every now and then, we pick
off a few for the good guys and we sleep good at night.
Now short side,,well I wouldn't be sleeping too good...
This market could turn anytime....AND it will but we don't
know when.....So we will sit here at the home thread and
Randy will turn off the lights at night........



To: baddtiming who wrote (48249)3/1/2001 10:15:14 AM
From: Rande Is  Read Replies (3) | Respond to of 57584
 
To those who have written me. . asking "what's next?" or "how low can we go?". . . . may I offer this public response:

If we have truly entered a bull market, then not only can things continue grinding down. . .but they can go on like this for years and go lower than you could ever imagine. [Of course that would throw America into a recession or even depression.] Day after day with only ONE-TENTH of the average daily volume crossing the boards. . . with NOBODY making any money as all trading grinds to a halt. Market Makers, brokerages, hedge funds, fund managers. . . all LOSING money. That's what happens in a true bear market. The country loses all confidence in the value of a stock certificate. . . .and eventually in the banks which fail as a result of defaulting loans. So everyone goes back to hiding money in their mattresses. . . and bartering for goods and services.

That is very bleak outlook. And I do NOT subscribe to it. Not by a long shot. [And I am pretty good at shooting long distances].

But my bet is that Wall Street is too greedy to allow that scenario to happen. When they have completed milking the Individual Investor [who became overconfident and fat] for all they can reasonably get. . . they will buy up the bargains [which I believe has already begun], start the HYPE MACHINE rolling again and begin flooding the market with upgrades, stories of fantastic technologies, opportunity, hope and the most important of them all. . . . . . . . . . . . . . . Initial Public Offerings.

That's where the real money is made on Wall Street.

Rande Is