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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?


To: Ron who wrote (87036)5/7/2003 2:36:44 PM
From: Jack Hartmann  Respond to of 208838
 
Re: whole lotta overbought here

Markets can remain irrational longer than you can remain solvent..Keynes

I rather ride the trend up and not take a beating like alot of shorts have this last few weeks. Not many people can switch to both long and short sides. I saw people last week taking quick profits only to miss a sizeable move these last few days.

I was checking into money markets in the area. 0.9% for many. Slightly above sticking it under the mattress. With the indexes up 5% this ytd, I think many are going into equities as demonstrated by the large volume days that we have seen. The perception of good times ahead may be in people's psyche and the war's end is making them bullish on the economy.

Jack