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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (77388)	10/12/2002 8:33:16 PM
From: westpacific	Read Replies (2) \| Respond to of 208838

Amid the current climate of market fear -- of credit-derivatives losses, withdrawn credit lines, and high-profile debt downgrades of some big financial institutions -- it could take just one large bank failure to fracture the financial system. And the Fed is keenly aware of that as it holds monetary policy steady, keeping its powder dry in case of such an emergency. Make no mistake: Greenspan, and his central bank brethren in other countries, are standing close vigil, ready to cut rates again should the need arise. businessweek.com This is what I have been talking about - and IMO it will happen - not if just when.

To: westpacific who wrote (77388)	10/13/2002 10:01:19 AM
From: GREENLAW4-7	Respond to of 208838

West u are absolutely correct, we should have fallen out of 7000 with the move last thursday but the PPT (Plunge Protection team) came to work knowing they would cause a severe short cover rally if they put their money to work at the 7300 area. they did and many folks ran for cover. Is it just coincidental that it happened just 2 days prior to the biggest earnings week in the S&P? I think not. Its too bad bacause the longer we stay above 6800 the longer this bear wil eat every rally!! I hope like most here we could finally get a wash out, but these RETARDS on CNBC and else where just have to continue to call this market UNDERVALUED, and continue to dismiss the similarities between Japan and US. The bottom line we now have DEFLATION starting and many will deny this or just ignore it as long as they can. I won't and I see DEFLATION coupled w. HIGHEST CONSUMER debt as reasons why this market has a very long way to go DOWN! Good luck folks, and PS I was short PMCS from 10, AMCC and VTSS also