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Guy,
You're not cynical enough...but, who wants to listen to a
futures trader from Detroit?
Steve Karnish
CCT
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> From: Guy Tann <grtann@xxxxxxxxxxx>
> To: Metastock <metastock@xxxxxxxxxxxxx>
> Subject: NBC's Talking Heads
> Date: Thursday, September 10, 1998 12:45 PM
>
> I was watching and listening to the NBC Financial channel
today. Let's see
> if I understand one of their resident geniuses. Since the low
on Sept.1, we
> have had higher highs and higher lows. This is a bullish
pattern and looks
> like we'll keep moving up. That's unless we break that
pattern. Then that
> wouldn't be good. With the market down (at that time) 250
points we still
> hadn't broken that last 'higher low' he was referring to.
>
> Now let's see if I understand him correctly. Asia is in a
depression.
> Russia has collapsed, financially. Central and South America
are in
> trouble. Mexico just raised their interest rates from 20% to
40%. European
> markets are exposed to this turmoil. Gee, that sounds bullish
<g>. Oh
> yeah, Starr delivered his report to Congress yesterday. I'm
sure that's
> going to exonerate the President. Nothing like stirring the
pot a little
> and adding to the turmoil.
>
> Wait, I see a bright light. 10 year bonds have just dropped
below 5% in
> rates. That must be the reason we're in such a bull move. Of
course,
> flight to safety doesn't mean anything to him. The fact that
Europeans are
> quietly dumping their equity holdings in the US on every rally
doesn't mean
> anything to him either.
>
> There are days when I wonder why I just don't turn off the
sound and watch
> the ticker <G>.
>
> I wonder if the American public understands that these turkeys
are there to
> get you to buy equities? Or am I just too cynical?
>
> Guy
>
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