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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (10667)	8/6/2002 11:44:00 AM
From: hotlinktuna	Read Replies (1) \| Respond to of 16631

Yeah Dave...we just refinanced last week at 6% on our home on a 15yr. fixed rate with total closing costs of $600. Our existing rate was 7 1/2% on a 30yr. fixed. I'm going to guess we could have gotten an even cheaper rate in the next week or so but....not complaining! tuna

To: Dave Gore who wrote (10667)	8/6/2002 11:44:19 AM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

WHY MEDIA ARTICLES ARE MISLEADING --- If you read this yesterday and traded on it, you missed a big rally today and sold at the absolute worst time. You sold when REWARD/RISK ratios were the highest they've been in a while. Is the Media being used? Are they a great contrarian indicator at times? ** Optimism Falls on Wall Street** By LISA SINGHANIA 08/05/2002 23:21:00 EST NEW YORK (AP) - Just a week ago, Wall Street was flush with hope that the market had finally turned a corner. But that optimism is quickly fading, along with the 1,009 point rally in the Dow Jones industrials that investors had viewed as a signal of better things to come. The combination of three successive triple-digit selloffs on the Dow, as well as economic data suggesting that the economy is slowing, has many concerned that stocks have farther yet to fall. "It wouldn't surprise me if we retested the lows," said Larry Wachtel, a market analyst at Prudential Securities. "The question is if we're going to be able to bounce back or fall even more. The tone is certainly negative enough." Indeed, in the past three sessions - Thursday, Friday and Monday - the Dow has given up roughly two-thirds of the huge rally it had between July 24 and July 29, following its decline to 7,702.34 nearly two weeks ago." whole article: siliconinvestor.com

To: Dave Gore who wrote (10667)	8/6/2002 11:49:04 AM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 16631

A rate cut is EXACTLY what this economy doesn't need. More easy money will just exacerbate the issues we already have. The Fed should RAISE rates to encourage saving and to encourage paying off debt rather than encouraging individuals and businesses to dig themselves into a deeper hole. I encourage you to contact your congress person to make them aware of the dangers of the current FOMC money policy. We are selling our futures short with this easy money. We are making a mess that will take many years for our children to clean up. If you can't encourage sane money policy for yourself, think of the children.