Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Stockdoctor who wrote (67868)	5/15/2002 7:40:40 PM
From: westpacific	Respond to of 99280

We are dang close to some major technicals, next week or so gonna get real interesting. Expect volitility and expect ANYTHING!!! There is upside room after options X - but there will be a TON of sell side pressure since the upside room is so limited. Da boys are not gonna want to be last one not holding a chair. So getting riskier on long side now IMO. Even though they could pop us one more time to scare the shorts next week.

To: Stockdoctor who wrote (67868)	5/15/2002 11:00:31 PM
From: SOROS	Respond to of 99280

Is it just me, or are these "glowing" financial and consumer numbers being massaged to get the intended result? What is a "seasonal adjustment" to the retail sales figures? It's .2%, but with "adjustments", they put out a 1.2% figure to make stocks rally. Then you have 5.8% GDP growth. But, did PROFITS grow? NO! It seems to me the entire US economy, the consumers, and the government phony numbers are all based on the Amazon theory of business -- sales are positive even if you are losing money on each one. And, consumer spending is better if they are spending borrowed money! This is a massive debt house of cards. It is the financial equivalent of the Clinton political and moral era -- "if it feels good, do it"! This can ONLY end very badly. I must confess I will not feel bad for the money pimps of wallstreet. Unfortunately, they will involve the funds of average Americans who have placed their trust in something built on scandal and deceit. I remain, SOROS