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beartooth

02/20/04 11:22 AM

#207708 RE: Zeev Hed #207707

zeev, dollar has poked above down trend. golds may have a spike down and multi-national industrials that thrive on a low dollar may also weaken
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mlsoft

02/20/04 11:47 AM

#207731 RE: Zeev Hed #207707

Zeev...

One of these days, the ploy will fail and the markets will tank despite all efforts to prop it up. Fear of imminent interest rate hikes is one potential trigger for such an event, but I don't know if there is enough fear for that to happen just yet. I do think that the outlandish valuations in the current market make the markets vulnerable to immunity to the manipulation and jawboning that has worked so well thus far, so traders and investors (especially the latter) should be on guard for a seminal change in sentiment that would presage a sharp downside move.

The conventional wisdom is almost universal that the markets will hold until the elections, but I have very serious doubts about things holding together that long.

mlsoft


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madrose1

02/20/04 11:52 AM

#207735 RE: Zeev Hed #207707

CHIR & CSCO downgraded technically 3 to 4@SBSH

Invitrogen-IVGN downgraded technically 1 to 3@SBSH