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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: gypsees who wrote (11342)	7/29/2002 1:43:52 PM
From: AugustWest	Read Replies (1) \| Respond to of 17639

There is a lot of economic news out this week cbs.marketwatch.com Cnbc this morning was already laying the groundwork to ease investors minds if the news is bad. Note, rambling and fragmented editorial. They were saying that bad news really isn't bad news at this point for a number of reasons. First because bad news is already factored into the stock prices. LOL, how can thatbe if people have been buying in anticipation of this second half recovery they have all but promised we would get. 2) the only thing that might cause problems for a recovery is the possibility of another terrorist attack- They might have just winked at the camera when theysaud that. It's almost like "Come on people this is a rining bell Because OBL was a fluke attack. or the success was a fluke. I don't agree or disagree, but I'm getting sick of this playon the investors emotions. And there were a host of other reasons we might see bad economic news but it really isn't bad news. They also cited the 8/14 dead line for CEOs to sign off on earnings. Again, the implications there were disgusting. Basically what I got out of it was if a company didn't have any announcements of bad news, it's ALL GOOD! Yeah, how many times have I heard junkies or dealers say that only to get popped a few days later. And Blah blah blah. Bottom line is that they are preparing investors for bad news to be good news(or no news from companies with potentially dirty balance sheets) and good news would be only better news. IMO, they are and have to really push this recovery thing right now since the Dow is up like 1K pts in a few trading days. If the market doesn't build on this rebound, their goose is cooked and they know it. Oh, and has anyone heard the soft buzz of CEOS might not sign off on balance sheets after all? Stating thatit really isn't necessary or something like that. Yep, I can see that happening. A protest of CEOs: "Hey, we've discussed it amongst ourselves and we just don't think it is fair to make us give our word. So we're not going to do it." LOL, anyone want to be a CEO for a few weeks? Tempory positions CEO WANTED Job lasts for three weeks. Pay ranges from 300K to $3MM Company will pay all attorneys fees associated with new position Job requirements: Legal signature only. Job description: Applicants will be expected to sign on dotted lines.