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


To: besttrader who wrote (30531)7/10/2001 10:19:27 PM
From: canmar  Read Replies (2) | Respond to of 37746
 
ML's decision re:their analysts prohibited from holding shares in the companies they cover = biggest JOKE I've ever heard!

Merrill's new policy aims to "strengthen investor confidence in the process analysts follow," said Andrew J. Melnick, director of the Wall Street giant's global securities research and economics division

Honestly, does anyone believe that the buying/selling pressure comes from that one little analyst? Let's get real; it all comes from above, as in: "Listen you, we just underwrote/purchased a truckload of shares of Company XYZ & you're issuing a "sell" recommendation???? Do you like your job?? Good, now go back, use some creativity, & convince all the suckers out there that this is a screaming BUY."
Scam of the century, all IMHO, of course



To: besttrader who wrote (30531)7/10/2001 11:17:07 PM
From: Goodale  Read Replies (1) | Respond to of 37746
 
I follow the futures and believe they do mean something. It measures market sentiment at a given moment in time.
They do vary and change direction often based upon news and other factors but so does the NAZ - NAZ was up 20 early and wound up down 63 for the day.
The bear you are would you prefer them up 50 or down 50 right now?
Actually they are;
NSDQ100 SEP01 1641.00B +300
S&P 500 SEP01 1189.00 +250



To: besttrader who wrote (30531)7/10/2001 11:36:07 PM
From: Bid Buster  Respond to of 37746
 
index futures are so thinly traded it takes very little buying to drive them up..imo what we've been seeing lately is run them up premarket and short the hell out of them at 10 am.