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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Joan Osland Graffius who wrote (5062)11/15/2001 6:41:37 PM
From: isopatch  Read Replies (2) | Respond to of 33421
 
Bingo! You hit the nail right on the head, Joan.

Price action in these chaotic, wildly swinging, erratic, manic/depressive markets reminds me of a giant Anaconda stuffed with 50 pounds of Exlax!<lol>

Glad I cut way back on my trading this year, sat on a load of cash and moved most of it to some nice conservative hi yield medium grade corporate fixed income a month ago to wait out this insanity.

Remember that movie War Games? My fav line is the one after the super computer goes through every possible strategy to win a Global Thermonuclear War and suddenly everything stops.

Then the computer says, "Sometimes the only way to win is not to play the game".

Isopatch



To: Joan Osland Graffius who wrote (5062)11/16/2001 1:39:48 AM
From: Mark Adams  Respond to of 33421
 
I don't know how I missed it

quotes.ino.com
quotes.ino.com

I saw PCU had jumped, but didn't connect improving copper prices

quote.yahoo.com

So- we have basic metals moving higher, interest rates on treasuries moving higher, and energy moving lower.

Thesis: lower energy prices will improve economic growth going forward, creating an environment with better alternatives for capital deployment.

Bonds reacting to a decrease in risk aversion (also witnessed by the strength in equities) by dropping in price, despite the anti-inflationary impact of lower energy costs near term.

Money isn't fleeing from bonds, rather to alternate investments. And I thought it was my long awaited capitulation. <g>