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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Trading Machine who wrote (10761)	2/21/2002 6:43:50 PM
From: MonsieurGonzo	Read Replies (2) \| Respond to of 11051

obviously a very dangerous market, Paul... ...the fundies got no in-flows; most of the retail trade is out, buying real estate; very light volume, and most of it is pros, Dude ~ market makers and futures/options boyz & grrrlz kicking crap around between themselves, imho. sitting here up to my eyeballs in cash & bonds, etc. ~ and that's no fun, either: gov't is going nowhere, Dude! +5.x% APR is about flat given slow but, relentless decay of the 10Y & 30Y underlying; my Muni's are in danger of being friggin' downgraded, so soaked with debt are the Cities and States; my Corp's have lost ~1.x% YTD and that's net, including their accrued 7.x% distributions; good Junk's are yielding 9.x% but whoa! they're friggin' tanking at a rate of -0.2% per day as nobody wants to own HiYield Junk right now; MM% ? oh, wow - that's sitting there at what, 1.x% APR a YEAR??!! screw BONDs, man ~ I'm trading stocks, selling covered calls on high-yield REITs for peanuts just to keep my damn BONDs afloat, fixed-income productive :-( _ one thing this environment has done for me, though ...I'm using STOPs everywhere and I'm being more fcking ruthless* with myself/my STOPs than I ever have been before. OTOH, betting against a herd of retail suckers jumping on and off the train is one thing ~ playing hardball against a bunch of pros in New York and Chicago trading pits is quite another: as MadameGonzo says... real estate @ ~6.x% 15Y mortgage rates sure is looking good right now (^_^) -Steve