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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (7502)	11/22/2001 11:11:10 AM
From: limit	Respond to of 99280

prudentbear.com thoughts: As I said yesterday, today (being in front of Thanksgiving) is pretty much a throwaway day. Friday is going to be even more of a nonevent. Next week will give us a better idea of where things are headed, but stocks certainly look heavy at the moment. We avoided the fall panic, but year-end tax selling and managers’ incentive to “save their year” can be powerful motivators to sell stocks in the last month of the year. Combine that with rising long-term yields that will likely cause some asset allocation models to call for selling of stocks in order to buy bonds, and things could get hairy in a very short period of time. There will be no market summary on Friday with it only being a half-day session. Everybody have a happy Thanksgiving…