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

To: Rich1 who wrote (25084)	8/22/2001 9:59:15 AM
From: Jerry Olson	Read Replies (1) \| Respond to of 30051

LOL hmmmmmmmmmm...that alone could be bullish at some point..not here tho...

To: Rich1 who wrote (25084)	8/22/2001 10:01:01 AM
From: vampire	Read Replies (1) \| Respond to of 30051

Allow me, Even if you believe the WHOLE MARKET can be "manipulated" enough to scare off the shorts...why would "they"? Big shorts are typically "smart money", "in the know" money, whatever - these are the big players who "the powers that be" rely on for volume - "they" would wanna keep them happy, if "they" have the power lot of x-files stuff flying out there

To: Rich1 who wrote (25084)	8/22/2001 11:25:40 AM
From: Jdaasoc	Read Replies (2) \| Respond to of 30051

Short Interest rose 2.3% to 5.91 billion shares on the NYSE I did first stock screenings in a long while. I was mildly surprised that out of 9200 companies( 9900 last time I did screening at beginning of year where did those 700 companies go) over 800 of them had open short interest of over 4% of outstanding shares. So we both agree that major shortpositions are out there. I tend to beleive that what ails the market is long lived and could get worse year to year before it gets better. These shorts shares are not going to be bought back anytime soon in a big rush. However, you do not see me claiming doom and gloom reports of utter collapse of market. As far as can see economy is running at less then 1% positive growth in GDP and no one has told me that we are in a real recession. I wonder how low the market would go if we were in recession. If we were in recession things would be dramatically different. When I went to Rutgers University in New Brunswick NJ in mid 70's that was a recession. About 1/3 of the retail stores were vacant and the other 2/3 were small mom and pop ones. I remember this because I counted them to keep busy while walking in lieu of waiting 15 minutes for campus bus. The only new leasee in the entire downtown that I saw was a pharmacy outfit called Riteaid. I just happened to go back through New Brunswick yesterday and I could hardly even recognise it. Foremost, the small mom and pop retail stores are completely gone. Robert Wood Johnson Medical Center and Johnson and Johnson headquarters have completely transformed one side of town. Even the east side of town is completely changed. The hi rise public housing projects have been torn down and is being replaced with town houses. Granted a lot of construction is built with large amounts of debt and government grants but I do not see 1929 or the 1970's coming back anytime soon. The take home story may be just because I hold some short positions and have a bearish outlook I am not one to claim the sky is falling and DOWN 9500 here we come. It is just people expectations just have to get in line with reality. john