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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (15178)	7/17/2002 11:32:20 AM
From: Gator II	Read Replies (1) \| Respond to of 23153

KB..I watched that obviously partisan attempt by Frank to gain a political sound bite and thought Greenspan listened and dismissed Frank's diatribe with the courteous disdain it deserved. I think Frank gets away with his outrageous crappola because his constituents love him, he's entertaining, and often there's more than a kernel of truth in what he spouts. What he failed to recognize and AG didn't go into is that without the tax cut, there is no telling how low the economy and the market would have fallen after 9/11. Now, for the hoped for short term political advantage of getting AG to admit and thus accuse the Bush Administration of overreaching on last year's tax cut, Frank would conceivably raise taxes to assist the economy in further recovering--something doesn't jive here.

To: kodiak_bull who wrote (15178)	7/17/2002 11:37:41 AM
From: Warpfactor	Read Replies (5) \| Respond to of 23153

KB, I'm trying to determine some good shorts once this alleged rally runs its course. How are the homebuilders shaping up IYO? In tech I like the following for future shorts: EXPE XLNX (not participating in SOX moves and too high fundies) JNPR is getting a little carried away Maybe gravity can help out with the tech list.

To: kodiak_bull who wrote (15178)	7/17/2002 12:02:34 PM
From: chowder	Read Replies (3) \| Respond to of 23153

If the economy is so strong, and consumer spending is so strong, why are consumer cyclicals and retailing stocks collapsing? Can we expect a summer rally absent the retailers participating? Can we expect a summer rally absent the consumer cyclicals participating? The retail stocks are indicating the consumer is cutting down on spending. The consumer has been the backbone of the economy. Without the consumer spending, a bear rally is all I can see at this time. Until these sectors start participating, I'm of the opinion we're seeing nothing but sector rotation. The most oversold sectors providing a technical bounce and then the rotation will move on. With this being options week, I'm of the opinion we won't know if a rally is starting until next week. I could be wrong, but my risk factor ratio says don't give back earlier gains on speculation and hope. I'm waiting for confirmation of a trend reversal. And, speaking of options, I think the QQQ has to finish out the week about $25. According to Price Headley, the most notable open interest is in the Nasdaq 100 Trust (QQQ - 24.80) at the 25 strike. The biggest call open interest lies at 194,121 contracts and the biggest put open interest at 77,555 contracts. It would appear that 25 is likely to be a "magnet" of sorts for the QQQ's to finish around on Friday's close and the Q's are trading slightly above $25 at this time. I think the tech rally starts to fizzle here soon. Congrats to those of you earning your gains here. I'm heading back out into the yard. The only stress I'm enjoying these days is the weed ratio factor. I'm finally winning that battle. <g> da-green-thumb-bum