actio-et-reactio
Balance is but a brief transition between extremes.
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Thursday, September 12, 2002
What'll a $6,000 shower curtain do for you in Rykers?
So much for "patriotic buying". I thought "the rally" might carry over today, but no such luck-- pockets were cleanly picked in today's gap-down open and late day sell-off.
The President's appearance at the UN served to abate some uncertainty, allaying for just a bit longer an "out of the blue" war event. Mr. Greenspan managed to mealy-mouth his way out of saying anything of import, although in an unrelated event the
Feds did haul off Dennis "I bought a $6,000 shower curtain" Kozlowski.
That leaves Friday's potentially nasty economic reports for another mini-selloff ahead of next week's "Triple Witching" options expiration, typically yet another scheduled fleecing opportunity. This means a low tomorrow or Monday is likely to be bought so as to run 'em up in time to sell 'em again at the end of the week. Got that?
Labels: market-buzz-gurus
At last, over the rim
of the waiting earth
the moon lifted with
slow majesty
till it swung clear of the horizon and rode off,
free of moorings
- Kenneth Grahame,
The Wind in the Willows
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