reid: keep in mind i'm the messenger, but my republican railroad tycoon friend atypically went on record big time tonite (unsolicited) with a prediction of .25 basis point cut (not 75 or even 50) and a positive reaction from market on totally psychological grounds that economy downturn does not warrant such pessamism and is overdone. I watch with interest on that account as surprises have not been typical of ag, but then again, maybe he learned from the progressive rate hikes and lyndon johnson's viet nam escalations that surprises can pull rabbits out of hats. in any case, as to your question, i tend to fall into donna's camp until the market assumes a bottom and some upside momentum. we can't be very far from either based on my portfolio valuation <g>.
when everyone started saying buy tech's, hindsight tells us it was really last chance to get out. my neighbor said yesterday it was time to get out of tech stocks. contrarian in me says based on that we are nearing time to get in. safe harbor stocks are far less safe imho after dow (also inflated) broke below 10000. what is safe harbor that is not cash? let me know. most interested in finding them, although USU is up over $6 as i write.
best, dave
