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To: Roebear who wrote (90197)4/18/2001 3:59:14 PM
From: Tommaso  Respond to of 95453
 
I didn't escape the '98 Loving the Shorts to Death but at least I was in completely paid up shares of BEARX.

I realize that there is a terrible risk (for shorts) of this being a replay of late '98 and early '00, at least for a few weeks. I think I will try to cover half my short QQQ position in after hours trading, having just discovered that my broker offers that now. I may just put in what seems a ridiculous bid right now and see if after-hours madness will get it executed.

I would appreciate any advice pro or con doing this in the next ten minutes.

Meantime, I am relying on my NG stocks to carry me up in a runaway bull revival.

Well, here we go!



To: Roebear who wrote (90197)4/18/2001 4:52:24 PM
From: Terry D  Read Replies (1) | Respond to of 95453
 
AG held the funds rate too low for two full years between the second half of 1997 and the first half of 1999 while the economy got away from him. Does he repeat the mistake in 2001? A rate of 2%....0%? The fed futures say we get a 1/4 in May. Then a 1/4 at - or before - the June meeting. And that should be it for the easing.

The bond wouldn't have gone from a 5.25 to a 5.65 and the 10 from a 4.7 to a 5.3 if there were still a much more aggressive easing to come. Don't fight the bond.

IBM - will remain focused on managing receivables and inventory - this is not the best environment to let those get out of hand - up 5 - either this is nuts or I am now too old to get equities.