Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Tom Trader who wrote (41708)	4/28/1998 3:36:00 PM
From: ViperChick Secret Agent 006.9	Read Replies (2) \| Respond to of 58727

something just crossed the wire about Deputy Secretary....(or something like that)...Summers saying economy reminds him of 1927..but that history doesnt neccesarily repeat itself and we have learned from our mistakes... sheesh....these fed heads are driving me nuts and freaking out the bond traders....

To: Tom Trader who wrote (41708)	4/29/1998 1:02:00 AM
From: Tom Trader	Read Replies (2) \| Respond to of 58727

For what it is worth I am quite taken aback to see the extent of pessimism that has suddenly swept this thread. IMO, where we go from here will be governed by the bonds -- if the bonds stabilize at this level, I suspect that the sell-off is over, for the most part. If the bonds continue to break down, the stocks will continue to decline. The jury is still out on the bonds, but I am inclined to think that the worst is over as far as the bonds are concerned -- there was just too much damage control at work today to support the notion that the the authorities want to see the bonds much lower and on a fundamental basis with inflation still under control, I can't see the argument for higher interest rates at this juncture. I expect that we will see a couple of days of gyrations in the stock market -- assuming that the bonds stabilize at this level -- and thereafter we should see another rally, either this week or early next week. If this next rally is weak then the stage would be set for an intermediate top to be in place and a pretty decent decline to commence. The technicals have suffered some damage but not enough--- to date-- to warrant any major decline or to prevent a rally. I am looking to trade this market from the long side -- assuming the bonds behave. On the futures, I'll follow the signals that my system generates -- on stocks, I am looking to go long in anticipation of a tradeable rally.