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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (12615)3/13/2001 5:49:28 PM
From: robwin  Read Replies (1) | Respond to of 30051
 
Zeev,

I was held up by clients this afternoon who caused me to miss the last hour of activity...I am growing weary of tracking my basket of stocks and think I will take the neophyte's way out and purchase some QQQ...should be good for a run to the 55-57 range by your target date i would think...if not, oh, well, i will start selling some calls...

Robert



To: Zeev Hed who wrote (12615)3/13/2001 6:54:29 PM
From: GREENLAW4-7  Read Replies (2) | Respond to of 30051
 
ZEEF, any thoughts on the POP in EMLX, QLGC, BRCD, MCDT, and JNIC?? I wonder if we actually saw the bottom??



To: Zeev Hed who wrote (12615)3/14/2001 1:22:21 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 30051
 
a ditty on Japanese banks and stock implications
Business Week reports a new bank accounting law enacted in y2000
all bank-held stocks must be marked to the market
formerly, an insane allowance let them be marked at original cost
what world do they live in?
so in last few months, banks are unloaded stocks en masse
my stated deadwaterline of Nikkei 13,500 is yesterday's news
who knows what the real bankruptcy line is now?

this has two big consequences in my view

1. much lower deadwaterline for Nikkei, far fewer bank bankruptcies, altho some will go down with recent sales and day of reckoning

2. a nearterm selling climax maybe has occurred already, or is days away in the rush to get it over with, which might allow for a real counter-trend rally in Japan, thus helping world bourses

concur on federal surplus reductions soon felt
75% of fed revenue is from payroll withholdings
unemployment is holding up better than I expected
as long as it stays under 4.5-4.7%, tons of tax$, surplus continues
unemploymt rate now stuck at 4.2% which is good
I expect it to rise this spring and summer

I dont think the wealthy will buy a new Lexus with tax savings
more like stick it in money markets temporarily
they have to be shitting in their pants also
/ Jim