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

To: Sharck who wrote (33555)	8/26/2001 1:55:30 AM
From: StormRider	Respond to of 37746

see sharck! this is what you should be contrarian about! brokers are begging investors to come back...

To: Sharck who wrote (33555)	8/26/2001 1:23:06 PM
From: American Spirit	Read Replies (2) \| Respond to of 37746

Why are all the major brokerage firms bullish? Okay I know they need to be to keep their profits coming in, but maybe they are thinking ahead a few quarters and see the light at the end of the tunnel. I know one thing, consumer and investor confidence is key to any recovery so when I hear bullish talk I like it, so long as it's not intentionally false and misleading. We do need some cheerleading in this economy. I've said before instead of trying to give Big Energy hand-outs GW ought to be touting American technology and trying to rally us off the bottom because tech is the #1 key to the US economy now. But GW doesn't like the new economy only the old. Unfortunately he just announced "big government" ought to be cutting tech expenditures and giving more to Big Oil. That is why I'm 35% in oil and gas stocks even though I dislike and distrust the people behind the sector. But anyway, the big brokerage houses can be as bullish as they want and it's fine with me. Do I listen? Only with a grain of salt, the same as with the perma bears. I'm convinced no one really knows so any strong position one way or another is just a guess and hazardous. Like the guy who posted me yesterday saying there's a 90% chance we'll test the lows. Come on, how the hell would he know? If he's right it's a lucky guess. We have a lousy economy but most stocks are also extremely cheap. So in my view it's a wash. I'm not bullish I'm neutral at these prices. I don't think we'll see big moves in either direction for awhile except in special situations.