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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?


To: bobby beara who wrote (1246)8/27/1998 7:23:00 PM
From: Yogi - Paul  Read Replies (2) | Respond to of 3339
 
bb,
<<We just broke out of a three week trading range, this isn't going to be over with a little 350 point sell-off, we need a circuit breaker trip like October.>>

Sure wish I didn't agree with you.
Fed "economists" aren't helping any--

biz.yahoo.com

"''You might expect the sharp drop in interest rates to rebound relatively soon,'' said the official, who declined to be named. ''And you certainly wouldn't want the Fed to act on the monetary policy side to this brief episode in rates.''

A second senior Fed research official agreed the bond market was ''being buffeted by special factors'' and was ''influenced by financial turmoil abroad and flight-to-quality'' buying."

Yogi



To: bobby beara who wrote (1246)8/28/1998 9:29:00 AM
From: Paul Shread  Read Replies (3) | Respond to of 3339
 
Circuit breakers are -10% these days; you're out of your mind if you think we're going to get a 10% down day from here. We hit last October's first circuit breaker point (-350) yesterday. We beat Oct. 27's volume. There was a rebound in Europe. The bottom's here. Go fishing while you can.