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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?


To: Clint E. who wrote (34358)9/21/2001 2:18:12 PM
From: Johnny Canuck  Read Replies (3) | Respond to of 67921
 
>>a few hours later,,,bargains everywhere!

There can't be too many people who have the courage or the money to buy at this stage. This is getting pretty irrational. Talk about extreme fear.

It does not help that the government's options are limited due to the disappearance of the surplus. I can't believe people are in the mood to re-inflate the economy.

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14:07 ET Economic Data : Treasury Budget for August reported at -$80 bln, below the consensus estimate of -$65 bln. Government still expects to record an annual surplus this fiscal year which ends this month.