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market_watcher

12/11/03 6:08 PM

#180590 RE: ajtj99 #180589

You think we go below NDX 1380 again by next week?

That's a bold call.


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jdaasoc

12/11/03 10:38 PM

#180615 RE: ajtj99 #180589

Just some facts

- liquidity exists providing cheap money to "gamble" in the market and was promised by AG for at least another year today.

- However, playing the short side with this easy money doesn't reward the street that much unless your bashing Nasdaq stocks unmercifully.
Playing the long side has many benefits for the street. Large cap multinationals will be bid up aggressively with this cheap, loose, money to reduce their unfunded pension liabilities. Then the street can float a ton of bonds convertibles and equities of these suddenly solvent companies.

Just how quickly we passed DOW 10K on second try. Any reversal of market is 3-4 months away if economy doesn't produce 100-150K jobs per month on average in that time frame.
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Jerry Olson

12/12/03 7:58 AM

#180659 RE: ajtj99 #180589

AJ

LOL not really as i'm scalping for now with my one good eye on a ton of stuff<G>

markets are very frisky AJ right now...1053 spooos is the NEW key downside number for the test IF it gets tested...