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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (8987)	3/6/2002 10:15:26 PM
From: gold$10k	Read Replies (1) \| Respond to of 36161

Frank, Since my house goes on the market tomorrow, I am grateful for the popular misconception that happy days are here again. I hear that since the 1st of the year, there has been a return to multiple offers, sometimes above the asking price here in northern California. Money is the economy's fuel, but IMHO we're running on fumes at this point. Regards, vt

To: Frank Pembleton who wrote (8987)	3/7/2002 1:47:01 AM
From: t4texas	Read Replies (1) \| Respond to of 36161

yes, the basic economy Looks pretty good, but that is why the market has gone up nicely since september. i would caution that this move may not last more than another week or three. that is plenty of time imo. i have plenty of stocks still, but i had more last week. i am selling stuff off as happy buyers show up to lighten my load. except for some gold miners and some laggard osx, i will be (almost) perfectly happy to be in cash in a week or two. i will trade and trade often if i get some pullbacks, but the djia may be only 500 to 600 points from petering out -- if it has that much left. if this market moves higher, interest rates are going up. that is negativo for the interest rate sensitive stocks. so i still think the good fight for me will be pullbacks in the basic metals and commodity cyclical stocks that i have been progressively selling.