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To: Boplicity who wrote (3639)9/14/2001 12:34:36 AM
From: mishedlo  Read Replies (2) | Respond to of 13815
 
Bop, I see too much "buy America" patriotism here.
It is nice but misguided IMHO.

CSCO buyback.
Big deal. I want to see CSCO CEO putting money where his mouth is not investor $ in an attempt to take advantage of this.

I am close to 60/40 calls and puts at this point and heavy on the call side so don't say I am trying to protect my PUTs.

80% cash or so in my acct overall and 100% cash since Nov in my wifes. I see no real buys here on an FA basis still.
If anything that "patriotism" buy buy buy will come back to haunt everyone when it fails and it will. Lower interest rates are not the answer either. Still pushing on a string.

Layoffs increasing and they still keep trying to get consumers to buy.

A bounce here is a sucker bounce. The stronger the bounce, the lower we go next month as everyone panics out later. The crooks on Wall street are going to try and take advantage of this patriotism and I am 100% sure of that.

M