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Hi All,
This is very typical at the end of a down move, as the last of the
week hands get scared and sell their best companies at the low for a big
loss. While the market may still go lower and I may still be short with my
short term trading, starting tomorrow I will be buying with my long term
money. IMHO the last 2 days have been a blow-off decline, though I would
have liked to have seen higher volume.
The U.S. will not slip into a depression, Japan will solve it's
banking problems (just as the U.S. did), Russia will not return to
communism. The only thing left is a picture of a bear on "News Week's"
cover for a perfect contrarian entry.
Good luck and good
trading,
Ray
Raffurty
-----Original Message-----
From: Ira <ist@xxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, October 01, 1998 11:50 AM
Subject: Re: GEN: STOCKS YESTERDAY
>On the run up in the snp this year, $526 billion, 12 stocks counted for
>all of it and more. The remaining 488 stocks combined barely broke even.
>Those 12 are now giving up the ghost. MSFT,107.7: Wal-Mart.64.8:
>LU,55.6: Dell, 54.2: csco, 43.5:GE, 43.2,etc. The numbers are in
>Billions of $. Source is business Week.
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