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

To: Wally Mastroly who wrote (1053)	4/18/2001 9:02:57 PM
From: MrGreenJeans	Read Replies (1) \| Respond to of 10065

Will this latest FED cut be Enough?...Other Thoughts...Wayne Angell This latest Federal Reserve rate cut will prove to be enough but I suspect another rate cut of some magnitude is coming May 15th. All the better. I hear lots of bears being interviewed tonight on television. I suspect they are either short equities or want to talk equity prices down to buy in at lower prices as if prices were not low enough already. I guess if you are a bear you never think prices are low enough and rarely think equities are a good buy. Pretty pathetic. Tonight it looks like some are caught short in the sense that they did not expect this inter-meeting rate cut. I heard one on NBR tonight keep saying this is a bear market rally not once but a couple of times trying to convince the viewers or maybe it was himself(?)-yeah that's it if he says it enough times to unsuspecting viewers he thinks his opinion will move the markets tomorrow- that this was the right analysis of today's move upwards. Then again I have rarely heard this person speak all that positively about equities in general. Tomorrow we will hear some of the equity analysts or are they just high school graduates who could not find work but as stockbrokers say, "we have moved too far too fast", or my all time favorite, "I would like to see the equity market move sideways for a few months...", he or she would like to see?...laughable...hell we will accommodate you because you would like to see...can someone tell me what sort of analysis this is...serious?...the analysis of the day's events is hilarious most days with bullsh*t from analysts and stockbrokers who cannot tell you where prices are going before the market opens but can tell the reasons for any move after the market closes. Wayne Angell is turning into the perfect correlation. When he predicts an inter-meeting cut rates don't get cut and this past week or was it last when he said there would not be a cut there is a cut. Wayne is the perfect negative correlation. Watch this indicator closely in the future. What a guy! Wayne is da man!! Anyway, I am ready for liftoff, have been for a few months now and these next few weeks may finally start a new bullish move. Always remember hospital wings are not named after bond holders.