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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: TREND1 who wrote (18583)	6/22/2001 11:13:43 AM
From: Jdaasoc	Read Replies (2) \| Respond to of 30051

What made a bear like you go long? ST play around rate cut. It would hard to be long after AG deals what I would say are next to last round of cards. We should drift mildly higher until annoucement. If 25 pts we tank, 50 pts we may hold gains until reality of situation sinks in. I will exit almost certainly before announcement. I would not short this market until I see firm evidence consumer stops spending or building boom gets long in tooth. I am most fearful of telecom debt. AG is doing everything to minimize their debt problem. Can anyone give me an idea how big the debt problem is in telecom or it is not important problem to resolve in road to economic recovery. john