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


To: Zeev Hed who wrote (19444)6/29/2001 10:31:08 PM
From: Fiscally Conservative  Read Replies (2) | Respond to of 30051
 
Zeev

What are your thoughts on SSTI's late day trading activity? If the charts are right(I did not witness the volume and price surge)The time frame leaves many unanswered questions;mainly,"are you kidding me?"



To: Zeev Hed who wrote (19444)7/1/2001 9:57:06 PM
From: John Pitera  Read Replies (1) | Respond to of 30051
 
Hi Zeev, what you are saying makes sense and the NDX has
been much more volatile than the OEX. If this equity bubble
popping were to turn into a prolonged unwinding,
that took years, then theoretically Investors could get so
disallusioned with tech stocks that they become very
listless and dull, and hence little volatility.

If this were to happen it might be something like the bear
market in the early teens that Edwin Leferve writes about
It "Reminiscences of a stock operator"

I don't think that this is very probably , just
that it might. Maybe a 20% chance. Maybe 10%.

but, I think the past 4 years in the US equity market have
shown us all that things we felt were just about impossible
have a way of happening.

John

BTW the Fed Funds futures, and Eurodollar Futures (Not euro
currency) have had quite a big sell off this past week.
One of the more meaningful ones this year. Are the credit
markets looking ahead to the end of the easing cycle?