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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (21302)	11/8/1998 5:10:00 PM
From: Ross	Read Replies (1) \| Respond to of 50167

IQ, You said: "every 'guru' who missed the market including MR Accompora and oterhs are teling their chumposs to get in at 8300-- this is non-sense of highest order markets fall when every one expects that markets will gpo higher" You make a very good point here. And I see many bears are beginning to admit they were wrong and awaiting a pullback to re-enter "long" (though silently). 8300 Dow is a common number and 10300/10500 S&P is likewise.. Now, if this is true, and everyone is beginning to believe that the market will go higher. (I was listening to a prediction of 22,000 Dow recently) How does that play with your comment; "markets fall when every one expects that markets will go higher"? Don't we seem to be moving into that area of overly optimistic bullishness. Or are there just to many bears on the sidelines, still to be slain, for the market to retrace? This all makes me think of something I read: A favorite device with him was to institute inquiries in the presence of the crowd around him as to the roads and watercourses in a direction which he did not intend to take; even to order maps to be prepared, and roads laid down, as though for instant use. Having thus set every gossip talking and predicting his intentions, he would calmly march directly in the opposite direction.. By a Virginia admirer from The Life of Stonewall Jackson Ross

To: IQBAL LATIF who wrote (21302)	11/9/1998 9:30:00 AM
From: Juli	Respond to of 50167

Ike, you have said it very well. American people will no longer tolerate McCarthyism. We don't like what Clinton did, but we like even less what Starr did. I personally read about five sentences of this whole sordid mess and, combined with what I was forced to watch on TV, while trying to get a bit of news from the rest of the world, was more than I every wanted to know. Its time to put this mess behind us and get on with the really important issues, like educating our children and making the world safe for future generations. Jewel

To: IQBAL LATIF who wrote (21302)	11/11/1998 9:00:00 AM
From: James Strauss	Read Replies (2) \| Respond to of 50167

The Market... Ike: The McClellan Oscillator is showing an ominous double top... decisionpoint.com This usually precedes a market dip... Today's S&P futures are going contrary to this indicator, currently up over 8.00... Any pop in the market could be short lived as the McClellan Oscillator heads higher to make a triple top... My gut tells me that the market needs some down days to scare the FED into another rate cut next week... If the market takes off now it will be difficult for the FED to cut rates... So, I'm looking for a several hundred point drop in the Dow before the next FOMC meeting... Jim