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To: Giordano Bruno who wrote (338007)	7/6/2007 10:08:02 PM
From: Giordano Bruno	Respond to of 436258

"We document market inefficiency in the days following the buy recommendations of Jim Cramer, host of the popular CNBC show Mad Money. The average overnight return following a first-time recommendation by Cramer is 2.86% for our entire sample and 6.76% for the smallest quartile but these gains disappear (reverse) within several trading days. We also find that trading volume and short sales volume are all significantly higher than normal on the day following Cramer's recommendations." fool.com

To: Giordano Bruno who wrote (338007)	7/7/2007 6:27:04 AM
From: Real Man	Read Replies (1) \| Respond to of 436258

Good question. Before I load the boat I borrowed from Mythman with puts, I'd like to see the dollar break 80. Rates have already broken a very long-term trend line to the upside. So, the currency break when it happens will cement it. The lack of liquidity can push the market lower starting Monday. It can be eliminated by the Fed with just one coupon pass, so I expect them to start printing. I'm not playing Russian roulette game with the Fed anymore - the stock market will melt up once they print, and they will. I have a sense bears will have to wait for a while longer, and maybe endure some 99-style meltup in stocks to create the disparity between stocks and bonds last seen in 2000 prior to the bear market. It does not exist right now. FWIW, October is a good month for crashes. Another 87 similarity - the 4-year cycle did not bottom in 86, as it should have, it ran 5 years. The same thing this time - we did not have a 4-year cycle bottom, the market just keeps running, and this is the 5-th year ending in "7" -g- If the similarity continues, we'll see a top in late August, then crash in October. -g- Here is a catalyst for a melt-up, from Doug Noland this week: "The number of outstanding NASDAQ shares sold short in June was up 37% from a year earlier and 28% higher for the NYSE. Over the past six months, short interest has expanded at a 65% rate at NASDAQ and 58% at the NYSE."