SI
SI
discoversearch

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 : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: russwinter who wrote (12418)4/22/2004 8:12:27 AM
From: TheSlowLane  Read Replies (1) | Respond to of 110194
 
I agree that it would be a whole lot easier to understand this market if it was moving on fundamentals, but as you pointed out, the mountain of spec/hot money that is sloshing around adds a layer of distortion. General markets are subject to same forces as evidenced by the percentage of volume that is now accounted for by program trading/hedge funds. Unfortunately, Coxe is still traveling in Europe, I'd really like to hear what he is thinking right now.



To: russwinter who wrote (12418)4/22/2004 9:10:58 AM
From: mishedlo  Read Replies (1) | Respond to of 110194
 
Russ, that baltic dry chart looks bearish to me - quite bearish
As a chart formation I would say prices should head lower after a bounce off support here. Perhaps we had the blowoff top but you do not see it or not accept the possibility.

M