To: upanddown who wrote (29133 ) 9/7/1998 3:16:00 PM From: SliderOnTheBlack Read Replies (2) | Respond to of 95453
A Major Tide is rising in International Markets today (tonight)... Hong Kong + 7.86% Malaysia + 22.6 % Japan + 5.32% Germany +2.14% Russia +8.76"e.yahoo.com So many posters here and elsewhere are virtually ignorant concerning International Economics. When the ''Mensa'' boys even questioned what the markets reaction would be to the Fed cutting Interet Rates - they should have been ''symbolically'' taken out and ''intellectually shot !'' Anyone, who does not see what is happening Internationally; and did not accept that this was only a matter of time; before the Worlds Financial/Econimic powers brought their powers to bear upon low Crude prices; just is out of touch with reality. When I see the small fry-small brained-Mensa-wannaBe, financial pontificators - jumping on the tail end of the ''Short'' Train - I want to laugh. Even when the guy who is their Guru - Bill Fleckenstein (bright guy by the way - I like him) writes that the Hedge Funds/Traders are in the process of; or are going to be crushed by shorting Commodities/ Crude & the Oil Sector - these guys still don't get it... Because of Crude Oils dramatic influence not only upon the Economies, Military & Social welfare of the Middle Eastern countries, but also the Crude Oil Revenue driven economies of Russia, Brazil, Venezeula, Mexico and others - who also have a major impact on the US financial markets and Institutions; Crude prices will not be allowed to flounder at price levels where International and Domestic Financial turmoil or collapse may occur... The recent moves of Crude are not by accident; the market is correctly reading where Greenspan, Rubin & Miyazawa are taking us; Interest rate cuts and the Infusion of cash and a stimulus oriented approach to jump starting World Economic ''demand'' is leading to major short covering in crude oil trading and this sector. The overall market - while still having some over priced subsectors will also see the individual investor who is short - get ''crushed.'' These ''finger in the wind'' shorts - who are virtually clueless - will get squeezed before the next Fleckenstein column reaches their ears or eyes... Once again - nothing like jumping on the MO-MO/Lemming ''train''...This market timing - buy high/sell low - jump on the train too late; be it long or short -mentality has once again proven to be financial suicide for the small investor. Quite simply; large hedge funds/traders simply have too much privvy info, to get whipsawed like this very often... Not a smart time to be short - allmost anywhere. Surely; Suicidal to be short Crude or Oil sector stocks... While the ultra-savy traders like Fleckenstein will still make those great short trades - the small fry will get crushed/squeezed. Hello out there ! We aint going to DOW 4000 - Greenspan & Co. is on the watch ! Irregardless of the overall market - the public pronouncements for the death of Crude & the Oil Sector are highly premature - quite the contrary... this Phoenix shall rise again... Oil Stocks and selected Bank stocks will be very,very rewarding.