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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (17762)	9/22/2001 1:24:16 PM
From: SirRealist	Respond to of 208838

Correct. Pricing in bad projections was the first reason for the decline. Tax loss selling was the second. Increasing layoffs then impacted purchasing and consumer confidence. The impact of the mass murders on insurance and air flight and tourism (and brokers and financials) was just the last in a long sequence of events propelling us downward. Shorting is merely the practice of gauging a direction and attempting to increase equity by betting on it, just like going long is. The market is, however, forward looking. While it may be impacted by daily events, trends generally begin based on estimates of where things will be 6 or 9 months from now. If one expects a company has 2 or 3 flat quarters but the 4th will improve, the best time to buy is at least 6 months ahead. The only variable in all this is the uncertainty many feel about this war. It creates situations where any move by any participant can cause immediate market responses. It is an environ that is unfriendly to daytraders.