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


To: sylvester80 who wrote (11346)12/7/2001 8:48:35 AM
From: t2  Read Replies (2) | Respond to of 99280
 
You may want to rethink your slam dunk for today. Futures are now negative and if we close down with all the bull good news, then something would have changed. Let's see what happens. A lot of money have been itching to sell this bubble market.

No need to rethink it. I still see it as a slam dunk.
I would like to see a weak open and make some quick money in the first 1/2 hour. However, I doubt the futures will even stay weak into the open..I only hope they are down at 9:30am.

I am already long a lot of tech of course.
Will be interesting.

JMHO.



To: sylvester80 who wrote (11346)12/7/2001 9:23:00 AM
From: SOROS  Respond to of 99280
 
Are you kidding? I just watched about 5 minutes of CNBC before I had to go puke. I've never seen such a bunch of cheerleaders in my life. I think if Congress was in full session and the building vaporized, the headlines on television would be:

"Allah be praised. The economic recovery was hurried along today with the elimination of red tape. Law #666, TSMIG, or "The Stock Market is God" bill, will likely be passed immediately. This will further stimulate the economic nirvana with the government matching dollar for dollar all monies that Americans put to work in the stock market. Those placing "borrowed" funds in the market will be specially blessed with a 2-1 government match. The extra dollars used for this purpose will come from current medicare and social security payroll deductions. The new Fed chairman, or "stock god" as the post has been renamed, Larry Kudlow -- now filling the post left vacant by the recently vaporized chairman Greenspan who was visiting on the Hill earlier today to take part in a new shipment of Chinese cigars just delivered to Congress by the group, "Interns and Fortune Cookies Are Us" -- says the use of social security/medicare funds for stock matches is no problem because he has presented the President with a brand new IOU dollar-embossed pen. "Also, I might add", continued Kudlow, "the perceived financial problems our country was facing are now gone since the passing of Law #69 or the 'screwing?' law as we affectionately call it. This, you may remember, was the replacing of the word 'reality' with the much more legitimate word, 'pro-forma' in all dictionaries." Now, back to Mark Haines at YGT, "Your Government Television", formerly known as CNBC.

I remain,

SOROS