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To: AllansAlias who wrote (96473)4/19/2001 6:11:35 PM
From: GraceZ  Read Replies (1) | Respond to of 436258
 
Allan,

Nice rants. All investors were taken out back and shot, alls we have left are speculators, short and long. I have a feeling there was more than a little covering higher going on just from listening to the screams from the traders I know when they tried going short today. Three days of up is all you need to have a major margin liquidation, so even if people were right to sell 'em, they may not survive long enough to cash out.

The Fed just couldn't resist throwing gasoline on this fire. There will be hell to pay when they are forced to raise rates again.

-Grace "100% cash" Zaccardi