|
PureBytes Links
Trading Reference Links
|
um, the stars?
Michael
wl7bdn@xxxxxxxxxxxxx
----- Original Message -----
From: "Norman Winski" <nwinski@xxxxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Monday, March 19, 2001 15:41
Subject: Re: [RT] Tail wagging the dog?
>
> ----- Original Message -----
> From: "BobsKC" <bobskc@xxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Monday, March 19, 2001 7:07 PM
> Subject: [RT] Tail wagging the dog?
>
> BobsKC,
>
> If the tail is wagging the dog, what is controlling the tail?
>
> Cheers,
>
> Norman
>
>
> >
> > Most of those here know that I'm not a technician and don't put a lot of
> > stock in it. Even so, I have come to respect many members on this list
> for
> > the hard work they do and I have come to appreciate that when most of
the
> > technicians agree on one thing, it is like to happen due to their
belief,
> > if nothing else. I spent some time this weekend looking at the economy,
> > what large caps are saying and what the firms that supply them are
> > saying. My conclusion is basic.. I believe the tail is wagging the dog.
> >
> > Some have compared the current situation to the democratic inspired mess
> of
> > the Carter administration and it's 22% interest rates , freeze on wage
> > increases etc. The Reich mess. (I probably mispelled his name). Lets
> see
> > where we are. We have low interest rates and they are dropping. We
have
> > nearly zero inflation. We have a business environment that is healthy
but
> > dropping off the greatest growth cycle in our history. Why is it
> > dropping? What is the catalyst?
> >
> > In my opinion, it is the stock market. It's cutting 50-90% of a firms
> > market cap and the borrowing power and purchasing ability that goes with
> > that. Filter that down to the mid caps that supply them and the small
> caps
> > that supply the mid caps and you have a mess. Japanese banks aside, if
> > people begin to buy stocks again, I believe you'll see a magical
recovery
> > in the economy. (Of course, the same is true for the end line consumer
> > once his/her savings/investments begin to recover as well).
> >
> > Last, I believe this event/bearmarket/correction was needed and needed
> > badly. Now, the bubble is burst. The pie in the sky throwing money at
a
> > dartboard of equity names is over. The throwing money at any .com stock
> > that comes along is over. The market is returning to common sense and
> > while this scares many folks into a panic and predictions of disaster,
one
> > needs to consider what is wrong with the market and if it's just the
> market
> > itself, once it turns, the economy will turn with it and the shorts will
> be
> > just like the fanatics were two years ago .. they won't believe it can
> > actually go back up and will get hammered.
> >
> > Anyway, I try not to post too often these days so I hope you'll tolerate
> my
> > ranting. :))
> >
> > Good investing to all .. be nimble
> >
> > Bob
> >
> >
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
> >
> >
>
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
------------------------ Yahoo! Groups Sponsor ---------------------~-~>
Make good on the promise you made at graduation to keep
in touch. Classmates.com has over 14 million registered
high school alumni--chances are you'll find your friends!
http://us.click.yahoo.com/n4HqaC/DMUCAA/4ihDAA/zf_UlB/TM
---------------------------------------------------------------------_->
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|