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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Techplayer who wrote (9087)	10/24/2002 12:23:27 AM
From: Techplayer	Respond to of 57110

"Tech stocks, retailers and airlines also advanced, propelled by low valuations." "The semiconductor stocks are shrugging off the bad news," said Andy Brooks, head trader at T. Rowe Price." Greenspan's words had little impact on Wall Street, traders said. "No one takes him seriously any more," said Michael Metz, portfolio manager at CIBC World Markets cbs.marketwatch.com

To: Techplayer who wrote (9087)	10/24/2002 12:24:01 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 57110

or the inverse....either way, I bet tomorrow really messes with everyone. Anybody who bought the runup in AH has to be sweating the futures right now. The one thing that I think is important is that the beige book rally was supposedly on the idea that we get another interest rate cut. If that happens though, we will have a bond rally and all that asset allocation that supposedly pumped the stock market will disappear. And if it doesn't happen, then WTF was the rally for in the first place?