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

To: Cynic 2005 who wrote (80958)	3/15/2001 12:52:06 PM
From: chic_hearne	Read Replies (1) \| Respond to of 436258

"The Fleecing Of America" Forget about the European cattle problem, we have a serious case of "Hoof in Mouth" disease amongst our analyst community. By the way, have the networks scheduled Abby Cohen's public apology to the American public yet? Let me know so I can program my TIVO. .......... So let's see.... people are nearly maxed out on credit, they have no savings, they are roughly two paychecks away from being homeless, the number of layoffs get larger every day..........so........... they turn to their stocks to be the answer for their problems. But, alas, their stocks which they were persuaded never to sell by the Wall Street Mafioso are getting crushed. What will a Federal reserve rate cut do to help these people, make it easier for them to get even more credit and get deeper in the hole? I don't know what the answer is but apparently Larry Kudlow thinks the Fed could save the day once again. Reminds me of the parent that the comedian Chris Rock talks about that used to think Robitussen could cure anything. "Dad, I have a bad cold...... Robitussen. Dad, I broke my arm...... Robitussen. Dad, I have cancer.......Robitussen!" ........... Amazingly, at the end of trading today the helpful commentators on CNBC told us that "we are setting up for a rally tomorrow." Really? I always thought nothing spelled "rally" more than getting a 300+ point decline in the Dow. In addition, judging by the fact that the TRIN closed with a 2.32 reading and actually increased into the close, it appears the "anecdotal rumors of market on close orders" that Art Cashin told us about prior to the close today may have just been hallucinations caused by some bad pastrami he had for lunch. Bravo again, Art. Make sure you give Pisani some credit for telling us about all the traders he talked to who were covering their shorts last Friday morning. Oustanding timing. Message 15506675