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Well, you are Norman! :) You and me and Ira and all our fellow
"investors". I'm starting to selectively buy again now however so maybe if
I feed the ol boy a few biscuits, he'll get control of his tail again.
Bob
At 04:41 PM 3/19/2001 -0500, you wrote:
>----- 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/
> >
> >
>
>
>
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>
>
>
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