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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (16358)	2/24/2003 4:43:55 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 19219

>Optimism at a low: Warburg Meanwhile, the latest survey by UBS Warburg found that overall investor optimism fell to an all-time low in February as investors expressed heightened concerns about the state of the nation's economy and the effects of a possible war with Iraq. The monthly survey found that 56 percent of investors believe there will be a negative effect on the nation's economy if the U.S. invades Iraq. According to the study, just 35 percent of investors are optimistic about the prospects for economic growth over the next 12 months, the lowest level in the survey's history, and down from 42 percent in January. < biz.yahoo.com

To: J.T. who wrote (16358)	2/26/2003 8:39:22 PM
From: mishedlo	Respond to of 19219

Hilarious - Please read capitalstool.com Effective today, I have determined that the market is untradeable, unless one is patient and waits for the points of extreme hysteria or panic selling. Alan Newman’s report is out. First, he reports on the Rydex Ratio. Says its not really a factor, since total funds in the Rydex family is less than 1/10th of Fidelity Magellan, and the amount of Rydex funds invested has actually declined by 45% from the March 2000 peak. So what ever money has been piling into the bear funds has been more than offset by money leaving the other bull funds and sector funds. With respect to mutual fund cash levels, Newman reports that they are close to the lows seen at the mania peak, as well as the all time lows of 1972. “Indexing is destroying whatever remains of pricing efficiency and is a primary reason for the concurrent expansion in volatility. Every time a market cap index is bought, the fattest stocks receive additional sponsorship, no matter how horrid their prospects, yet the worst stocks are also bought, only because of their inclusion in the index. If there ever was a bad way to invest money, this is it.” Is it any wonder that the daily market action is morphing into a scene out of Animal Planet? Where hordes of Wildebeasts are stampeding over here and over there? And the twitchiness of the herd encourages even more groupthink, so the herd continues to get bigger and bigger? And the hysteria of the crowd has melded together in once massive hope bet on a rebound in the SOX? Where the Global Mood and Economy is now dictated by the utterances of Jim Morgan or Rick Hill? Default risk? Offloaded to Pluto. Thanks to MBI, ABK, and 50 other Pyramid Players who have sliced and diced that potato 17 different ways. It has been cut into so many small pieces, and Riverboated off to Bermuda so many times, that risk bag is no longer recognizable. In fact, we don’t even know where these pieces are in the Chain Letter, so we can assume that it has vanished into thin air. That’s Exhibit A of Al Green’s risk mitigation by financial engineering.