To: StockOperator who wrote (4275 ) 1/20/1999 9:44:00 AM From: James F. Hopkins Respond to of 99985
Stock; RE > I mentioned the one disappointment in the DOW. Phillip Morris. I mentioned it because of the breakdown in prices on the chart. I track the Dow fairly hard, and MO's drop today was not as bad as some of the others. In fact a lot of others were down almost as much. At least two of them more.quote.yahoo.com @^DJI&d=3ms -------------- Thing is I've been warning people about the break down of a lot of blue chips, for some time..hell MO been doing good to some of them...( tech is just about all that's holding the S&P up ) Getting killed is KO, XON, JNJ PG MMM CAT BA IP, AXP, JPM, S..this is telling me that the speculators are what's left in the market, the ones pushing the envelope..the ones who when their stocks start to fall, will dump out.. The DOW is over half gutted , but the few holding it up are doing very good..Hell AT&T and IBM may support them all before it's over. ------------- I don't see the fall yet, but I'm being cautious, I figure the S&P 1260 to 1220 trading range, if she breaks 60 then it's on up, if 20 it's down. WE may take out 60 on the open. With reservations to watch GreenSpams, "REPOs" if he drains liquid like he did on the 7th and 8th then I go short right away. He has been throwing money at this market ever since the LTCM fiasco. ----------------- THE FED is the problem, if you had an honest market they would not be intervening every other day. and the FED is not our government, it's a cartel of privet bankers who have a lot closer ties to the international investment bankers than they do the Government..they spend hours and hours in secret meetings that they won't tell Congress about. They are not accountable for what they do, yet they own you and me and the whole country. The politicians are chasing a job, dam few of them have any idea of what's going on or really care about anything but getting elected.. ------------------- It's ironic Tobacco becomes the pay back from the Indians, before the white man came it Was never sold or traded It was used only for special occasions religious and such, considered too sacred to sell, it could only be given as a gift. The white man talks big pious holy bull s*ht..but nothing is too sacred for them to sell, not even their children, who they sell into a national debt all the time. Put all them MO freaks in jail, or send em back to Europe. Who needs em anyway, we have the internet and MSFT ! The only safe things to buy. Jim PS there is no reason any Government can not be and should not be self supporting, A short term debt to her own people should not have to exceed the amount that can be paid off before a new year starts, or there is something wrong with that Government. Bringing each new generation into more and more debt is immoral. Jim