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  Name Goes Here, 3 May 2001 @ 8:37pm

  
  

  backwards

  
  This is backwards to what I've seen happen in the past bull market. I can recall Wall Street rallying on job cut news because they claim the businesses will be run more efficiently. However, this may just be another sign that we are in a bear market. During a bull market, Wall Street shrugs off bad news and really rallies on the good news.
  The nasdaq composite seems to be touching a downtrend line on the monthly chart. I guess the next week or so will provide more evidence on which direction to take. Probably any breakout will turn out to be false and you can short some more.

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  • 

    Anonymous Coward, 5 May 2001 @ 5:11pm

    
    

    Re: backwards

    if you start shorting now, thats a little late. Sorry, but the short party is over; for the forseeable future we will see a sideward movement. Go out of the market or equity neutral and put your mony in selective high rate fixed income and come back if the market recovers more than 15% from the bottom.

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