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


To: Gottfried who wrote (8537)9/23/2001 10:27:22 PM
From: energyplay  Read Replies (1) | Respond to of 23153
 
Went to the Royal Money Show in Monterey California yesterday & today ...

This is like a much smaller version (and different company) of the Las Vegas/Orlando/ San Francisco Money SHow, and also smaller than the online traders expo.

They were supposed to have 2000 people, about 200 showed up. Not just travel problems - seem many people have lost interest in stocks, or sold out or are selling out.

Arch Crawford (a technician ) said that we still might have a market crash in the next two weeks - this not being a real crash yet...possible break to Dow 5000 or lower ?
He also said the market could work its way lower until around December 4

Rumours - Japan may be selling - their market is down to 17 year lows, and they me be selling bond and.or stocks
(This would explain the YEN rising against the USD$ the past few days) It is not known how long this will continue.

The Bass brothers sell of Disney may not have been strictly a margin call, but some sort of repositioning.
Possibly not a good outlook for Disney ?

98% of all U.S. stocks were down last week, except for gold stocks. Almost all markets worldwide are down.
The market is not being discriminating among - every thing is down. (Everyone already knew this)

Really scarer part -

Many of the bargain hunting value investors have already spend a some of their cash buying earlier this week and earlier this month...This could mean that when the selling stops, the only people buying will be hedge funds covering...