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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?


To: Paul A who wrote (8740)4/27/2001 9:01:21 AM
From: Dale Baker  Respond to of 19633
 
Paul, after wading through hundreds of messages elsewhere on SI that focus on nothing but the worst news and extrapolate it out to the US reverting to the Stone Age economically, I just wanted to toss out the idea that maybe the indicators are trending ahead of what has now become the conventional (bearish) "wisdom".

I am finding plenty of good small caps to make money in on the long side despite the overall market so it doesn't bug me much either. I can dodge most of the whipsaws that hit everyone trying to trade the better known stocks. And I can invest in stocks with a multi-month or -year time horizon when I find the fundamentals I like.

Hang in there.



To: Paul A who wrote (8740)4/28/2001 1:21:27 PM
From: Sharck  Respond to of 19633
 
Druss, since we're talking economy I just wanna alert everyone about the prelim GDP tomorrow. There's a good chance the figure is skewed to the upside and misintepreted by the media mainly because it'll benefit from the smaller-than-expected trade deficit.
By definition, GDP is the total of goods and services produced minus imports. Because imports were very low in Feb, you have a smaller number being subtracted out, resulting in a larger GDP which of course is bullish for the market.

It is my opinion, this is exactly what happened, however, the lack of follow through suggests most traders caught on. As I was on the links yesterday, I missed all the action zzzzzzzzzzzzzzz lol. STSI would have been nice however, haven't had a casino play in ages...
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