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

To: SirRealist who wrote (38530)	3/17/2001 1:05:47 PM
From: tennessee_ted	Read Replies (1) \| Respond to of 49816

Can't send you no fish guts, but there's plenty of investor guts laying around where the market has ripped them out. But the penguins probably wouldn't touch them- be too much like cannibalizing their papa! On a serious note, I'm really wondering if we're in Kansas at all anymore. I think we have so many external factors of significance now that TA and normal expectations of market behavior just don't have the juice they normally do. We really should have rallied up on Friday if the Fed pre-run were a given. Or at least held about even. What I see and hear now is John Q. Public is starting to panic and the media has entered into a feedback relationship with it. These anecdotes of brokers' office full of people panicking may be the first sign, and Monday/Tuesday may not hold water in the face of new waves of selling. I've seen published that the funds only have at most 10-15% cash on hand for redemptions. That ain't gonna last long! And try as they might to jam the tape higher so they can sell those shares for more money, who is going to buy them now? Not me! We'll see- one thing for sure, it'll be an eventful week. Has anyone thought about the possibility of Bush declaring a national emergency and freezing account activity if things get really bad? I'll bet he has the power. I know for sure he can do it (with a simple declaration, no Congress required)with your bank accounts and limit your activity to only what is normal.