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To: Lee who wrote (90865)1/22/1999 4:20:00 PM
From: Chuzzlewit  Read Replies (4) | Respond to of 176387
 
Lee, may I write a column for your paper.

Odd Market Behavior to End Predicts Visionary Pussycat

Chuzzlewit The Cat just noticed something that will undoubtedly have a big impact on the stock market. Every year since its inception, the stock market has traded with the number 1 as the first numeral of the trading year. Next year will be fundamentally and technically different. It will be the first year that the first digit will be a 2!! Now what does this portend for the market. Well, for one thing the leading digit will no longer exhibit odd behavior. This means that you can no longer rely on hemlines, or who wins the Superbowl or the year of the presidency to determine the future behavior of the market.

Technicians interviewed by the pussycat fretted at the prospect of being thrown out of work as investors realized that the market was easily predictable. All you needed to do was to ask Kumar, who, putting aside his odd predictions for the previous millennium, will begin an unprecedented string of predictions that are expected to be absolutely uncanny. The oddest prediction of all is that Kumar will figure out what the mem key on his calculator means, along with the nuances of addition and subtraction.

More to follow ...

CTC



To: Lee who wrote (90865)1/25/1999 11:56:00 PM
From: JRI  Respond to of 176387
 
*OT* (I was going to put this in a PM, but what-the-heck...its going public........) Thanks so much for the response, and especially the references.....At some later point, I would love to have a more involved discussion with you concerning the liquidity issue...

I am somewhat amazed how little market technicians (it seems) follow liquidity in charting/forecasting movements of the markets (and individual stocks)...it seems (at least in the last few years)
that liquidity (along with interest rates) have been the main drivers of the entire bull run...

Lasylo Birini (sp?) seems to be one of the few that has good handle on this...As a result, His calls have been quite outstanding over the past few... I guess maybe Garzarelli has a liquidity component in her model, but the rest....I dunno..

At least in MY thinking, liquidity definently plays a (big) role (how else can we maintain this historically high PE's)...well, actually my theory (if you want to call it that is much more complex)...

Anyway, thanks again, and I look forward to heaving a liquidity-driven argument (spitball) at you in the near future to get the ball rolliing...in the meantime, remember, baseball training camps are only a few weeks away (the Bravos used to work out right up the road in WestPalm...although I think they no longer workout there, dunno....) In the meantime....Take care..