|
PureBytes Links
Trading Reference Links
|
No, don't break the crystal ball. Send it to me. I collect a lot of stuff
that doesn't work, :-)
Help Ben out and break this triangle. Sure looks indecisive.
bobr
----- Original Message -----
From: "Ralph Volpe" <rjv@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, October 16, 2001 8:43 AM
Subject: [RT] Reading my indicator
> I checked with the most powerful indicator I know of (my crystal ball) to
> ascertain the direction of the next big move in this market. And, no
matter
> how I rub it and polish it, it just keeps coming up negative. Earl's link
is
> another indicator that damage control is in the works to protect our
> institutions from a panic collapse. I'm also thinking about yesterdays
news
> that didn't get much attention, which indicated that US Steel and Polaroid
> are declaring Chapter 7 or 11 bankruptcies. These were major companies and
> they're now crippled giants. As I look at the monthly Dow Industrials, all
I
> see is lower tops and lower bottoms, a clear sign of weakness. Some
companies
> are now forecasting they can make their LOWERED earnings, but that doesn't
> say much for their exorbitant PEs. For example, Cisco's good news was it
can
> make the .02 cents it had forecasted. If that's annualized to .08, then
for a
> $16 dollar per share company it has an exorbitant PE of 200. Most
> importantly, the .02 profit it may declare this quarter doesn't consider
all
> the fudging going on to bury the huge losses it took last quarter. I
actually
> think the SEC may encourage more creative book keeping to lessen concerns
of
> further corporate failures. A further concern is the loss of productivity
as
> a result of the anthrax scares that the media love to hype. This is
imposing
> enormous stress on our free markets, which can only negatively impact
equity
> prices. However, don't worry folks, if I keep getting these negative vibes
> from my crystal ball, I'm going to break the damned thing.
>
> Earl Adamy wrote:
>
> > http://news.ino.com/intraday/?storyid=DJN620049801
> >
> > is this a sign that the powers that be are getting worried about major
> > derivitives failures?
> >
> > 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/
>
> --
> Ralph => E-mail => rjv@xxxxxxxxxx
>
>
>
>
> 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 ---------------------~-->
Protect your servers with 128-bit SSL encryption! Grab your copy of VeriSign's FREE guide: "Securing Your Website for business" Get it Now!
http://us.click.yahoo.com/M.WTOC/m1FDAA/cosFAA/zMEolB/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/
Attachment:
Description: "QQQ1016.GIF"
|