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Ahhh... this is better.... Yes Philp...... I agree with your statement..
John
Nixon(MLS) wrote:
> 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?
> |
> |
> |John L .......I kinda like that little line below....
> |
> |> Disclosure: Futures trading involves financial risk, lots of it!
> |
> |John
> |
|