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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (7239)	8/31/2001 10:29:45 AM
From: Think4Yourself	Read Replies (1) \| Respond to of 23153

I'm not a good, or even lousy, Technical Analyst so can't help with that question. Am buying because the economic data is more and more saying economy in US is recovering. A few weeks ago it was suggestive but now the data is solid. All the data is now agreeing that we have at least bottomed. The key is that enough of the inventories have been worked off to stabilize manufacturing. Manufacturing will continue to pick up as even more inventories get worked off. Now it's just a matter of time waiting for all of the interest rate cuts to take effect. Have to keep reminding myself that unemployment is a trailing indicator while the market is (supposedly) a leading indicator. There is now enough data out there for the media to go on a recovery rally binge. I believe they will, and soon. Willing to bet the short interest as of last night was the highest of any day in history. All those shorts have to cover sooner or later. Who is going to sell at these prices if the media starts emphasizing a recovery? Money will pour into funds. On the flip side there are the overseas economies. The ECB clearly demonstrated yesterday that they are comfortable with recession conditions. Not surprising given all the socialist governments where recession is the norm.