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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?


To: Zeev Hed who wrote (29115)9/28/2001 8:41:58 PM
From: baystock  Read Replies (1) | Respond to of 30051
 
Zeev, <the AAII is what people say, the tic, trin, Vix and VXN as well as the P/C ratios are what people do, last week, all these have gone to extreme,>

Excellent point. The AAII reading may just be part of the recent overall efforts by the elites to talk up the market (while they actually do quite differently).

<What we needed to shift the tide, was capitulation and we got it, in spades, period.>

I hope you are right since I have been buying some techs the last few weeks. Is this capitulation much more significant than what we saw last April ? And will it lead to a more substantatial rally or to just another similar bear market rally ?

Thanks for being so generous with your knowledge, I for one really appreciate it. May the god of the stock market be as generous to you !

Ram



To: Zeev Hed who wrote (29115)9/28/2001 8:56:10 PM
From: LTK007  Read Replies (1) | Respond to of 30051
 
<You people forget that liquidity shortage is not what is ailing this market, the MZM is probably some 15% higher than it was just a year ago, that is a huge source of liquidity (apart of all the money the feds have been pumping into the system). What we needed to shift the tide, was capitulation and we got it, in spades, period.>

A secular bear market can break all previous patterns,i am a no way convinced we are not slipping into a secular event.
This is the problem i am attacking now,it is now a mental fascination---but one thing is obvious that makes such a contemplation not a waste of time.
And it is this,all recovery arguments at this point require many matters to function just right and there is no margin for error and a good deal of hope is mixed into the recovery is nigh argument.
And suddenly even conservative republicans are jumping on the Keynesian wagon.Where did this Keynesian surge come from except desperation.
Is Keynesian theory going to make all well??? Just questions thrown out--not answers.Max