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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (63478)	5/5/2005 1:44:02 PM
From: Slagle	Read Replies (1) \| Respond to of 74559

Shades, Kaultbaum says that the S&P must hold 1164...we're at 1167 now. I bet if this doesn't hold this market is REALLY going down. The banks and just a few others are the only ones without a mountain of overhead supply. I'd be in the red on my recent buys if it wasn't for XLF. Getting thin there. But I notice that all that stuff I was short a few days ago is not falling off a cliff so it may be mostly stuff that ran up very recently selling off. We will see. It doesn't feel all that bearish. GM going to junk is a really big deal. I just sold some CLX I bought a year ago. Weak earnings even on damn bleach and kitty litter. Didn't catch it till it was down three bucks. When you can't trust a damn bleach company we are screwed. <G> Looks like the banks are holding. Slagle