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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (19372)	12/10/2002 11:30:38 PM
From: Gabriel008	Read Replies (1) \| Respond to of 30712

jri, here's a little ditty from the rightline report that may make you think again before shorting before yearend. regards, gabriel 'Bullish price action by large funds and program buying pushed prices higher late Tuesday, reversing the bear fest that sank stocks on Monday. Though it's a bit too early to know for certain, this upward pressure could be a sign that the powers at work are unwilling to let the market drop very far - at least through the end of the year when their performance figures will be paraded around like supermodels on a Paris fashion runway! Fund managers know that they don't have to be the most spectacular performer to keep most of their clients happy, but they sure don't want to be the worst. With the 2002 market environment shining a less than flattering light on everyone, a few well-chosen facelifts on large positions can make a huge difference. The low trading volume of late has made it easier for money managers to ratchet prices higher when they need to, and they've picked their spots with care. Tuesday's late session spree was a prime example. The Fed's decision to leave interest rates alone sends an initial message to investors that the economy is capable of working through it's problems without immediate help. Investors may choose to interpret this fed-o-gram differently after taking the time to think about it for a while, but Tuesday's reaction by day traders was to swim with the fund-driven current as it moved higher for the last hour of the session. News from the White House on Monday that John Snow is the President's choice for Secretary of the Treasury did little - let me rephrase that - did nothing to inspire buying despite the fact the new nominee is experienced in the political arena, has a lot of support on Capital Hill, and by all indications is a respected, dynamic individual. The lack of trader enthusiasm over the pending appointment probably has to do with the perception that Mr. Snow is just another average CEO whose stock crumbled under his leadership, and his tenure with the Ford administration coincided with a recession. While the John Snow news didn't motivate traders to hit the buy-button, the announcement that William Donaldson will lead the SEC is definitely good news for the markets. He's a highly respected businessman, and a former Marine known for being both honest and tough. He was a principle in the Donaldson, Lufkin & Jenrette investment firm, and also founded the Yale School of Management, emphasizing ethics as well as profits. Bottom line: Bill Donaldson appears to be capable of helping restore investor trust during the months ahead, but his first challenge will be to rebuild the SEC which has suffered from low morale since the 9/11 attacks and from the questionable leadership of Harvey Pitts. This will certainly take at least a year or longer, so we don't expect to see much impact in the short term.'

To: JRI who wrote (19372)	12/11/2002 12:07:37 AM
From: LTK007	Respond to of 30712

regards EOY rally-they also are planting the idea, better buy now, because there will be a year end rally. It is all that "self-fulfilling" method. Keep writing it and it will happen(and thus probably will). But thus far volume has been fading. <<Stocks Jump on Hopes for Year-End Rally Tue Dec 10, 4:29 PM ET Add Business - Reuters to My Yahoo! By Chelsea Emery NEW YORK (Reuters) - Stocks jumped on Tuesday as an upbeat forecast from computer disk-drive maker Maxtor Corp. and hopes of a year-end rally helped bring buyers back into a market beaten down in recent sessions>http://story.news.yahoo.com/news?tmpl=story&ncid=580&e=2&cid=580&u=/nm/20021210/bs_nm/markets_stocks_dc