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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?


To: FJV who wrote (38572)4/7/1998 8:49:00 PM
From: Patrick Slevin  Respond to of 58727
 
I wuz always a kinda rebel Irish music sort of guy, but I would be tempted to go country on these tunes.

Anyway, it's always been my experience that whenever a Market Maven comes out and proclaims Victory over the Forces of Darkness....like Alan G. did last Thursday....we usually have about 3 days before a good selloff. That's why I thought today would be a good day. Not as profound as people would like but dag, if it works why not.

Now we have perhaps the first time two Market Mammoths said something within a week of each other. What could that mean?

For Reference, the last time Elaine spoke up, the market tanked about 3 days later. Alan's Irrational Exuberance, the Market spun and soared 3 days later; Cohen last April, 3 days later the OEX was down 35....Call it a Lunatic Theory. It is fascinating how the market spins on media hype.

EDIT. And don't forget, they ponyed out Cohen again last Monday for the drive to 9000. Had a few missteps on that one. Got to 9000, but it does not look very healthy there.

Okay, I'm finished. I'll go back to "Gee, Bob! Heck of a market we got here!" "Yes, Pat. well I'm not a gambler like you are. One day you'll learn to just invest for the long term and get a real job and support your family..............."