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BobsKC wrote:
> I was clear today so I spent a lot of time just watching. I was especially
> interested in a few very lightly traded issues. I put up ten such stocks
> .. Stocks that often do not trade at all in any given day. What was
> interesting is that 8 of those 10 stocks sold off today and by sell off, I
> mean they were throwing them in at market.
>
> Then NAS isn't going to zero and I still maintain that most of what is
> wrong with the economy is the stock market.
How can the stock market be what is wrong with the economy?
It is a barometer and all the psyche within the economy.....?
The stock market doen not dictate to the economy how to behave... the converse
applies! Maybe,,, just maybe the fact the credit is at is highest ever and the
USA is a debtor nation is what is wrong with the USA economy??not anything a
good war could not fix... the US problem solver to all ailments.!!
> If you were sitting in the ceo chair of a company with a market cap of 10 bil
> one day and found yourself sitting there with a market cap of 500 mil, how
> many orders for new equipment would you be placing? (My numbers aren't
> germane but the
> principal is).
>
> Right now, it seems impossible that the market could sustain any move
> up. I mean *impossible* since you just *know* that any rally will be sold
> into and fail. The bubble has burst and has imploded. We are now
> hopefully, going to find some middle ground and allow common sense to
> prevail. In the mean time, I'm not going to short any more as I see the
> risk tantamount to buying at NAS 5200. I'm clipping quarter points both
> ways and waiting for the bubble to refill to sustainable limits.
>
> Bob
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