Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : NNBM - SI Branch -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (3118)	4/18/2001 7:00:43 PM
From: Clappy	Respond to of 104155

I'd be sittin on pins and needles. I'm trying to learn to snack on them instead...<g> I know you are not supposed to fight the Fed so I won't. I don't see how lowering the interest rates while pumping up M3, all while Japan teters on the brink of financial crisis, is going to keep us going strong for a long period of time. Inflation is bound to show it's ugly face. Greenspan obviously knows better than us... Energy prices are still climbing. Earnings have been less than desirable. CSCO, INTC, and many of the others haven't really indicated anything positive. The best thing Joseph could say about the chip sector is that they can't get much worse... Then the CSCO machine completely got chunks of steel caught in their gears. The machine almost completely broke down. Somehow this wasn't interpretted as bad news. Almost makes me think that the institutions knew this surprise was coming. Why would tyhe markets have gone up yesterday? At the very best, the CSCO news should have made a slight negative dent in the market. There wasn't much hope in CSCO's warning. So what am I getting at? I think that this market is not being held up by much. ...a couple of strings... ...held together with a little hope... Don't get me wrong. The last two days have created a major psychological change in the mind of the small investor. It should allow some money to pour back into the market for a while now. But eventually those thin strings holding up the market could break. I guess we need to see some signs of improvement before my complete faith returns. Unfortunately, the market is usually a few months ahead of these indications... Maybe now the game will go back to buying the dips... Should offer quite a few fat pitches in there... Sorta just typing out loud... Don't mind my rambling... -Clappy