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


To: Sharp_End_Of_Drill who wrote (17768)11/21/2002 11:30:21 AM
From: kodiak_bull  Read Replies (3) | Respond to of 23153
 
Sharp,

Not to be a prig about VSF (after all, I've been to the Patpong district in Bangkok on more than one occasion, the "ville" and "pavilion houses" in Seoul, various floating world establishments in Tokyo, all in my misspent youth and biz career, not to mention various establishments in NYC and Europe), but the idea of watching "supermodels" (several of which seem a bit eating-disordered) try not only to maintain their balance on stiletto heels while wearing underwear (!!) but also to appear "come hitherly" strikes me as 3 shades across the Great Divide known as Absurdity. But, chacun a son gout, one supposes.

Back to stocks:

In my view, there are big reasons for this week to be an up week. Next week is a "holiday week" so any movement in the market (down, imho) will be discredited as somewhat irrelevant, and the big boys will be able to control the markets that much easier to get the November close they want (higher).

Retail names seem to be going up but on what basis? That the dock impacted, short season, crippled consumer, early discounted holiday retail season is going to be a boomer? Again, you look at those names and have to wonder who is that man behind the curtain?

A couple of big goals for the big boys are a Dow in range of 9000 (end of year close above 9,000 would be Nirvana), a Naz of 1500 and and SPX of 1,000. They will probably make it, but make it in the same way as you managed to drive from NYC to Boulder, CO in 1971 in that 1952 Dodge 3/4 ton pickup truck, by putting a quart of oil in every time you stopped to fill up the truck's gas tank with 32 cent a gallon gas. We keep putting off the creditors until the next quarter, and the engine smells awfully funny.

I haven't looked into HPQ's report and its obvious "effect" on tech, but I'm sure it will be a head scratcher. How did they get those earnings and are they in any way repeatable (especially since DELL is eating their lunch, their breakfast, their dinner, even those little raisin boxes they use for snacks)??

But the VIX is falling and All is Right with the Universe. CNBC keeps telling me so.

Kb