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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread -- Ignore unavailable to you. Want to Upgrade?


To: Boca_PETE who wrote (833)3/20/2001 5:31:00 PM
From: Wally Mastroly  Read Replies (1) | Respond to of 10065
 
This kind of headline does not help consumer confidence; & some of my ramblings:

9:18am 03/20/01: 71% OF COMPANIES SILENTLY CUTTING COSTS: CHALLENGER (the employment survey outfit)

One might speculate that this "oversold" market is due/over due for a pop up.

I think the markets are desperately in need of a positive catalyst. Anyone have one ?<G>

-
How about a negative one instead?

Japan situation seems to be going from bad to worse. Some day, hopefully soon, they need to: let some banks write off ALL of the bad debt, let some banks fail, let the survivors consolidate & last-but-not-least, start to ENCOURAGE consumer spending

Don't think 1Q earnings will help (to the contrary). Year-over-year quarterly earnings comparisons most likely will be very unfavorable, adding to the negativism.

Anyone ready for 'capitualation' yet? Even on down days, market volumes don't seem to indicate that we are there yet.



To: Boca_PETE who wrote (833)3/20/2001 8:18:43 PM
From: Lone Ranger  Read Replies (1) | Respond to of 10065
 
p,
did you notice how many large block qqq trades crossed on cnbc right before the close? i'm talking tens of thousands at a rapid clip. my understanding is that the majority of these trades must have been done by institutions and then bought by other institutions. they were rapid and high in number. i have never seen so many of these qqq trades go by so fast and in such high volume. what does it mean?
also the volume of the q's today was 105 million. huge, on a down and dirty day. any ideas?