Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: J.T. who wrote (16426)	3/17/2003 9:50:19 PM
From: Softechie	Read Replies (1) \| Respond to of 19219

Bear markets don't end with insanity valuation...take it from Warren Buffett...

To: J.T. who wrote (16426)	3/17/2003 10:10:48 PM
From: Ken Reidy	Respond to of 19219

Thanks for your response J.T. My problem is I don't see any sound cause for shorts to cover that quickly or longs to go long that quickly. The Iraq excuse is really a reach in my opinion. The problem with the world's economies is debt. Even a fifteen minute IRAQ war will create significant additional government debt. I fail to see the economic stimulous that justifies a 270 point DOW move in 60 minutes. Are sudden short moves like this the type of stock market strength we need to get the markets moving again? Or are they designed to get the small investors in so that the large investors can get out. I hope the last three days strength is real but I fear it is not.