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RT's,
Over the last several weeks it seems the consensus opinion of portfolio
managers on CNBC is that y2k will be a non-event and Jan 3 one of the
greatest investment opportunities in years because of all the "cash on the
sidelines waiting out y2k problems". If they beleive this, then shouldn't
they already be fully invested? What has driven the Nasd to these extremes
if not professsional money?
I beleive that the high level of bullishness, discounting of the y2k
non-event, and the January Effect migration to Nov/Dec is a setup for a
down January in the stock markets.
Thoughts????
Howard, the Contrarian
>From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
>Reply-To: ggautier@xxxxxxxxxxx
>To: <realtraders@xxxxxxxxxxxxxxx> List Serenity-Trading
><serenity-trading@xxxxxxxxxxx>
>Subject: [RT] Dilemma
>Date: Tue, 21 Dec 1999 18:09:04 +0100
>
>Hi all,
>
>What is your take here:
>
>With this raging bull going on, what would you do over the holidays?
>Keep your long stocks or exit all and come back Jan 5th with a clean
>plate?
>
>Gwenn
>
>
>
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