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To: ahhaha who wrote (513)3/24/1998 5:16:00 PM
From: Phil Jacobson  Respond to of 3873
 
Good academic analysis, you're definitely better informed than the people on the Nostradamus thread. But so dramatic! Maybe you ought to check it out after all - everything was fine until you pulled out the "market will be closed for a week" card. After reading your post I went to check the bomb shelter in the back yard to make sure the water's still fresh and the guns are still loaded.

My prediction that we will have an upward trend and occasional 5% corrections. Boring and more likely. The economy's in great shape - no deficit (thanks to profits from the stock market), full employment (generating savings for the stock market), low inflation, and low interest rates, both of which COULD rise. You sure make the normal bumps sound scary! You have as much chance of predicting a crash in today's market based on what happened in the '20s as you do of predicting a World War by reading medieval oracles.

Since the market can make everyone money if they are able to correctly predict the future are you shorting lots of stocks and buying up puts? I'm backing up my long term bullish view by being pretty much fully invested. You don't have to admit it, but I would guess that you're pretty well invested as well, but your overuse of shorts and puts has really eaten into your profits and you've got a bad case of performance envy.

Re: "tradition is it starts down in August". Thanks for the tip. Will sell everything and scoop up some gold. I guess you were out there buying puts like crazy on the day after the Broncos won the Super Bowl. And to think that was right at the end of a bad January! Tradition says a bad year must follow. Too bad about February and March, eh?? The market's been unpredictable for you the last five years, hasn't it.

Phil



To: ahhaha who wrote (513)3/26/1998 10:40:00 PM
From: ahhaha  Read Replies (1) | Respond to of 3873
 
Whoowee. You boys better go review reply #513 and start asking me some critical questions. The charade is about over. The word is out on the professional whisper circuit. There's lots of guys that want to start dumping the dollar now that Asian fear has about run out of steam. Panic foolish money bought the dollar's top, so there's only one way to go for hellish retribution. This is brutal on our T market. Fortunately for you boys stocks are cheap and institutional investors don't sell stocks when interest rates rise. Especially when there is NO inflation.