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To: verticallimit who wrote (88647)3/14/2001 10:14:42 AM
From: ItsAllCyclical  Read Replies (1) | Respond to of 95453
 
>> I wonder why the market isn't tanking? <<

Margin usage has been wiped out. See articles on plastic thread.

Put/Call limit is at 1.

Short covering.

Cash on sidelines.

Money managers have to put money to work eventually.

Fed cut coming soon.

Tax cut coming this summer.

Greed.

We can see a tradable rally at any pt. I certainly acknowledge that. However, ultimately I think we're going much lower still as the talking heads have not acknowledged the possibility of a global slowdown.