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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (21992)	5/10/2001 11:43:41 AM
From: Dave Gore	Read Replies (1) \| Respond to of 37746

Extremely negative outlook by Raymond James discussed on CNBC based on weakening consumer demand. Boy, what a manic market! Look at the sentiment change from early this morning! Unbelievable, this Market is nothing but semi-educated gambling. I'm glad I have some real estate holding....sure would hate to be dependent of daytrading income....maybe I can find a Mutual Fund that invests in therapy companies. That profession is probably doing well :-) Seriously though, we are all at the mercy of what the Big Players want to do. They make money off volatility short term. No one knows whether we will retest the CPMPX level in the low 1600's, some 550 points or 25% below today's level. The main focus lately by the bears is an expectation of slackening consumer demand. If consumer demand significantly weakens from here and continues to weaken for a few months, we could even break COMPX 1600. It's scary out there and the Market is not for the worrier. On the other hand, there is a lot of cash on the sidelines and consumer demand isn't yet all that weak. Also, some companies are seeing a bit of business demand picking up or at least a ceasation of falling spending. So what do you do? Somebody tell me....any psychics in the house? PS-- Just for fun, I give odds of 70% that we retest 2000 at least. Too many tech stocks have run up too far, too fast (i.e. EMLX)