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


To: Zeev Hed who wrote (11523)12/7/2001 2:51:17 PM
From: Sully-  Respond to of 99280
 
Message 16762205



To: Zeev Hed who wrote (11523)12/7/2001 2:52:14 PM
From: stomper  Read Replies (1) | Respond to of 99280
 
Stimulus Talks Put Off Amid Fingerpointing
December 07, 2001 02:12 PM ET

WASHINGTON (Reuters) - House and Senate talks on a plan to stimulate the U.S. economy were put off indefinitely on Friday with Republicans and Democrats blaming each other for the delay....

reuters.com



To: Zeev Hed who wrote (11523)12/7/2001 2:55:45 PM
From: TREND1  Read Replies (1) | Respond to of 99280
 
How do we know you are the real Zeev?(g)



To: Zeev Hed who wrote (11523)12/7/2001 3:00:14 PM
From: sylvester80  Respond to of 99280
 
Higher unemployment numbers started it all IMO. It's starting to sink in.



To: Zeev Hed who wrote (11523)12/7/2001 3:01:42 PM
From: NOW  Respond to of 99280
 
reality? Nah, couldnt be that. I know: need more shorts to pile on so they can be reemed next week...



To: Zeev Hed who wrote (11523)12/7/2001 3:03:43 PM
From: sylvester80  Respond to of 99280
 
And add to that the no stimulus from our congress. I still say it was the higher unemployment numbers that gave the markets the reality check. BWDIK.



To: Zeev Hed who wrote (11523)12/7/2001 3:05:11 PM
From: DlphcOracl  Read Replies (3) | Respond to of 99280
 
Zeev: <<What precipitated it?>> See below.

Take your pick:

1. Larger than expected number of job layoffs, suggesting economic recovery may not occur in early 2002.

2. Widespread analysts downgrades among tech stocks, due to overvaluation. Regardless of the prospects of economic recovery, many of these stocks are up 100-200% in past two months -- unwarranted.

3. Panic buying over the past several days -- as the individual investor chases the Nasdaq and once again manages to catch the top while institutions are cashing in and taking profits.

DlphcOracl