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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Gersh Avery who wrote (8923)12/31/2005 12:42:02 PM
From: GROUND ZERO™  Read Replies (1) | Respond to of 12411
 
Bob Pisanni is just another cheerleader, he has no clue, nor does anyone sitting in front of the camera...IMHO I think we may already be approaching that cash out period, we're already beginning to see incipient signs of possible weakness, only time will tell...

GZ

P.S. Of course, since I'm short, I would love to talk this market down to the basement...<g>



To: Gersh Avery who wrote (8923)1/1/2006 2:34:18 PM
From: Kirk ©  Respond to of 12411
 
"I was watching CNBC last week. Bob Pisanni was on his "Santa Rally" ra ra kick. He explained that the last five trading days of the year followed by the first 2 of the new year were historically massive up times for the market. The reason was that the pension funds had to make purchases for their accounts.

The fact that the funds were not making these purchases is telling to me."

I think they were making their purchases. Just what they bought has been longer term bonds to meet new requirements I think.