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

To: energyplay who wrote (20431)	10/9/2003 2:20:30 AM
From: whitepine	Read Replies (3) \| Respond to of 23153

OT>Calefornya remains problematic. I'm very curious how Arnold proposes to overcome the contradictions. What suggestions do participants offer if, as I expect, the USD sinks another 20-30%? I had assumed gold would have been a proxy, but it seems the Euro is rising as gold and mining stocks back down. College, socialism, baseball, etc. I shall abstain. However, if the Badgers upset Ohio State Saturday evening, I will type a loud cheer. whitepine

To: energyplay who wrote (20431)	10/9/2003 11:00:57 AM
From: kodiak_bull	Respond to of 23153

Ep: I'm always reluctant (at least lately) to try to logically suss out the market, but I would note a couple of things: 1) the correction we had to kick off the Fall Season of Terror seems to have stalled out at 5% (roughly: 1040 to 998), after so much anticipation of a 10% to 15% move. 2) stocks seem to be shaking off bad news: falling dollar? it must be good for somebody somewhere; the war continues? it's not any worse than it is; etc. I have the feeling that good earnings will be seen as great, that standard earnings will be seen as good, and that substandard earnings will be swept under the generalized market rug. The markets climbed a wall of worry since March (well, actually since May) but the reality is if you had invested in trending companies since then (or since June, or since July or since August) you would be way ahead of the game. "Sell in May and go away" has been a disaster for investors this year (maybe not in the averages so much but in trending companies--NANO, LOUD, NVEC--the gains have been stupendous). Now, "cash out in August and buy back in November" looks similarly unwise. I have no idea when this bull rally will end, but the fact that soooo many people are teasing out as many strands of evidence as possible (stochastics, OBV, VIX, A/D) to prove it is upon us tells me that it probably isn't upon us. Yet. Today. So far. Kb