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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: amadeus who wrote (37026)	3/12/2001 11:27:40 PM
From: 2MAR$	Read Replies (4) \| Respond to of 49816

I think the psychology of not wanting to miss a bounce is a factor , and everyone remembers those short covering rallies before but the wreckage is extensive and will be lasting ... You could see a bit of that covering happening today. But with every new day , more economic bad news enters into the picture ... this shake-up will go on and on , till only a few survive , imo. Japan is in tatters , Europe putting on a proud face and the fallout of extended slowdown and recovery in the US is a given to me. People were hoping for a soft landing and got a "reality check" instead . Rightnow no-one knows how far this will go . They're looking at Europe , Europe's looking at us , Japan's fallen into the well , crying for help , and world destabilization that can only follow a US economic decline is inevitable. Huge expenditures this country faces within itself for schools , military , water /energy/transportation infrastructures , health-care etc etc are only going to become more overwhelming . (They need to spend $1trillion on water infrastructures alone in the next 10 yrs . ) And just think of all those charismatic political leaders out there who are going to be working things out for us ....<G> Something very cathartic in this grim performance of the US market...just a wee bit of rearranging of priorities are in store, as technology should be more than an endless fountain of entertainment and the shits & giggles... it got pumped up into . *Just think , we spent a whole month in this country just counting chads and dimples for heavens sake ! Going to be at least a few months more of "snakes & ladders" ahead ...and the real question is who will survive . Who needs to watch "Survivor" on the tube , when you have the NASD. It can get alot worse . But if you are trading both ways and protecting yourself by holding very little... CMVT is reporting tomorrow , going to be very interesting as this company has not missed earnings 28 x's consecutively. ;-) mars PS: But having said all that , Larry Kudlow former Ronald Reagan economist is pumping the NASD to 10,000 and the Dow at 30,000 in 10 years on the tube tonight... talk about "Spin Doctors" <gg> (that makes me want to short this market on any rise.)