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Also NASDAQ is down over 7% from last weeks highs. We have a long weekend
coming up. Ergo SHORT COVERING.
-----Original Message-----
From: joachim@xxxxxxxxxxxx <joachim@xxxxxxxxxxxx>
To: Omega-list@xxxxxxxxxx <Omega-list@xxxxxxxxxx>
Cc: code-list@xxxxxxxxxxxxx <code-list@xxxxxxxxxxxxx>
Date: 11 February 1999 22:07
Subject: Re: CL_The good news??
|:the REAL news: GREENSPAN was talking lengthy (on CNBC) and didn't say
|:anything about EXUBERANCE or whatever that word is :--))
|
|A somewhat loose translation would be ' uberschnapt ' Yes....we had a lot
of eye
|shifting and questions like ... what the hell is ' irrational over
exuberance ?'
|till this day we like to avoid such phraseology....
|
|:The Senate is closer to acquitting the President. The end of that ordeal
|:should be positive for the market. That was the first thing that crossed
my
|:mind about this rally. Bonds are down to steady. That is positive
considering
|:the near closure of the Impeachment process.
|
|Now how is it that two luke warm to tepid news stories like that can move
the
|market?
|Now if we can't find the trigger.... are we going to depend on some news
reporter
|on CNN who is not a trader to explain this?
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|
|John L .......I kinda like that little line below....
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|> Disclosure: Futures trading involves financial risk, lots of it!
|
|John
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