Market Watch 7/29/02 (Dow +447.49, NASDAQ +73.10, SPC +46.12)

Yahoo ^ | 7/29/02 | me

[Dales]

Don't worry- the sky isn't falling which means there won't be too many hits. lol

[steveegg]

where's today's thread?

Ask and ye shall receive.

[wardaddy]

Thanks...we did ok yesterday for an up market. When it corrects this spike, we'll have a crowded thread again.

[LS]

So are you saying that the interest rates on these have topped? OK. I could believe that, but that "consumer credit" has topped? I don't believe that for a minute.

[Tauzero]

No, if anything, interest rates on those things have bottomed.

[ken5050]

Nope..no investment banking relationship with Lucent..but I did stay at a Holiday Inn Express..(g)....hey..we made a few bucks today..actually....I thinkt he stock will run to about $7-8 per share.....

[bvw]

JDSU up 18% today. Picked up a Morgan Stanley reccommendation vs a vs Corning.

[bvw]

last for you two.

[LS]

Ok, but then do you agree with me that the AMOUNT of credit is still growing?

[Tauzero]

Probably. It'll be interesting to see how this year turns out.

[Orion]

Was the "patriot" rally of after the 9/11 selloff the real thing?

The stock market is non-partisan. It does not care who is in the WH and who is not. GWB has nothing to do with the decline. If voters are too stupid to figure that out, we deserve the gov't we get.

This market is WAY overvalued, and the signs show that it is getting worse. The biggest bubble in history will not end with a mild recession, which is over before we knew it began. The hangover from the irresponsibility of the FED and your average Joe-investor will take years of pain to wash out.

Sorry it will be on the GOP's watch.

[nopardons]

And you have been a Market Anylist, for how many years ? You have been on Wall Street, for how many decades, and in which positions, dear ?

Yes. the average Joe, IS an idiot ; especially where the Market and " bubbles " are concerned ! Yes, they are also cretins, as far as understanding just what and whom make the Markets work. A GIGANTIC " YES ", to who gets blamed , by the " common man ". as well as the not so " common ".

The Markets WERE overvalued ; however, they are much mofre in line now. As to "BUBBLES", you are using which one/s as a template ? The South Sea Island Bubble, the GOLD Bubble, TULIPMANIA, the one regarding " new technology " , which spurred the Crash of '29, the one that collapsed in the '60's, '74, the Crash of '87 , or one / all of the others, which I haven't bothered to name ? The ONLY " bubble " pop, which lasted any great length of time, was the '29 one and THAT one, was hampereed, mightily, by government interferrence, and a world wide depression, which started just after WW I !

You sound like Kunter ( sp ? ); who is seldom, if ever , correct in his prognostication. :-)

Sorry ... your crystal ball is cracked ! LOL

[Orion]

Your Worship,
Care to revisit if this is a "sucker's rally?" It looks like the pop was nothing more than the standard end-of-the-month tape painting party, in combo with a massive short squeeze.

The markets are not political in their operation. The rantings of empty-headded FReepers, insisting that the markets need to go up to prop up the Pubbies, only contributes to the insanity that the WH controls the markets and the economy. I will say that when The UNIBANGER was in the WH, all the gov't economic data was consistantly on the "sweet spot" and served to goose the markets when needed to foment that massive bubble we now are unwinding.

If you want to hang a face on the mess we now have, go no further than Al.com. He is out of "puts" and the market participants are now realizing that stocks go down as well as up. The risk-free days of 40% returns are over. Anyone who thought that was normal deserves to lose a train-load of money.

Care to buy INTC or CSCO at these valuations?

BTW, how is that DOW 36000 theory holding up?