Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (78458)	3/10/2001 10:19:01 PM
From: westpacific	Read Replies (2) \| Respond to of 436258

I am in your camp ZEEV, 9 days out from FOMC, heavy or should I say major short interest. Just so hard to say were we could stop the bleeding before the uptrend. The thing that bothers me is that many feel that further Fed cuts do not mean anything for this market. They have not helped to cut the carnage to date. So the FOMC is somewhat a non event IMO. Now Friday the PPI is more critical than FOMC in the coming week and one half. And being net long ahead of a PPI on Friday is mighty scary indeed. Tell you, this is a traders nightmare. My focus has and will continue to be to short alternative sectors - there are many bloated pigs in non-tech land with perfect shorting charts. This IMO offers the lower risk play. The DOW and alternative sectors will be the next to take a major hit. If we are in recession along with the fact that Americans are leveraged to the hilt in debt - then these sectors will see major erosion in earnings as well. Like MO for example. This sucker is getting close to a top real soon. I am not shorting this one as it has become a parking lot for institutional money. But there are plenty of jewels with PEs in the 40 to 60 range in sectors that cannot sustain that kind of valuation. So beware of Friday next week, that would be my real fear point. Again the FOMC is a non-event. The next week will again be one of sleepless nights for any trader willing to place bets - short or long. Good Luck - we all need it. West