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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: KyrosL who wrote (9847)	9/19/2001 8:16:13 AM
From: tradermike_1999	Read Replies (1) \| Respond to of 74559

Wow, Fed Funds is at 0.5% this morning, per Bloomberg, versus a target of 3.0%. The Fed is really pumping. It seems there is real trouble somewhere -- or everywhere. At the same time, 30-year treasuries are continuing down, their interest rates well above last January, when the Fed started its easing campaign. Not good. Do you have a link? I can't find the story.

To: KyrosL who wrote (9847)	9/19/2001 8:27:45 AM
From: tradermike_1999	Read Replies (1) \| Respond to of 74559

The bond market also made a technical breakdown....falling bonds, dropping dollar, rising gold, rising commodities(not happening YET) is a formula that is BEARISH for stocks. Like I said yesterday technical indicators say we are near a short term bottom. Do you trust them when the markets are all out of wack? You have to put some credence in them and be extremly cautious shorting and tighten stops on any shorts you do have. To me it looks like - more interest rate cuts short term - to FORCE the market higher. A rally that will last at least 2+ weeks and take the NAsdaq up to 1700-1850, DOW right below 10,000 and then the worse crash ever. We'll see.