Market Indicators - Investor Sentiment

Top 291. Apr 21, 2000 4:41 PM

» Slick - Another Fine Tale, Gene

Thanks for telling it like it is (:>)

Slick

-- posted by Slick

Top 292. Apr 21, 2000 5:53 PM

» Gene - Rande, Betty and Slick

Rande, Betty and Slick - Thanks for the "encouragement" as if I needed any!

Betty - you get the Gold Star as that was the model for my write-ups along with years of reading Mad and Spy magazine spoofs that have a kernel of truth buried in there!

I got to thinking one day after some wine and yelling at my TV in no uncertain terms that I needed to channel that energy somewhere. I was basically "talking" to my TV when a Financial Analyst on CNBC was talking about something that just sounded plain silly, then I was telling Louis R's guest that they were wrong (FI - Barbara Maracasin on a bank, FU buy that dropped 25% 2 days later w/o any follow-up!). But the cherry on the top was seeing how Kirk, Rande, Roger and BB (et al) were having a blast going at each other over market predictions. I then realized that I was all alone in my thoughts and wanted to share them:>)

Keep the faith....Gene

-- posted by Gene

Who Sold Before the Nasdaq Fall?

Top 293. Apr 21, 2000 7:45 PM

» JenL_2 - Gene -

Just wanted to add my Kudos. So glad that you decided to share your thoughts with us each week on this thread. I always look forward to This Week's Market According to Gene!

Here's the 4/19 WSJ article that you mentioned posted on the "Ask Rande" thread:

....Jen

-- posted by JenL_2

Top 294. Apr 22, 2000 6:06 AM

» SteveT - Gene

My thanks as well I really do enjoy the work you do here. Could you find a way to do one of those "Mad Foldins"?

-- posted by SteveT

Top 295. Apr 22, 2000 7:33 AM

» PeteM - Great work again Gene.

Great work again Gene. Interesting numbers this week, I was expecting much lower.

The article was a good read. Two observations.
1) When the NASDAQ was sitting at the 5000 point all the talking heads were screaming for 6000. Did they not notice the rather large SEC filings of new economy insiders? Or did they just think it wasn't their responsibility to report it.

2) Of the evaporated paper stock market wealth. Actually that wealth did not evaporate. It was just transferred from the pockets of everyday Americans from their savings or their their Bank or Brokerage loans to the Money Market accounts of the wall street and new economy insiders. Some of the same people who were pumping up the new economy stocks on CNBC. The sad lesson is there will be some people who will have to face these bad decisions for as long as it takes to pay back their margin loans.

-- posted by PeteM

Top 296. Apr 22, 2000 7:38 AM

» Rande - Little consolation, but those insiders must have had one heck of

Little consolation, but those insiders must have had one heck of a quarterly estimated tax payment.

-- posted by Rande

Top 297. Apr 22, 2000 7:45 AM

» dewam - Gene, I can be a new age type of guy, Thanks For Sharing.

Gene, I can be a new age type of guy, Thanks For Sharing. Den

-- posted by dewam

Top 298. Apr 30, 2000 4:08 PM

» Q_out - Personal spending -- mine

Don't know about others, but my personal spending has peaked. Date was April 11. Two and a half weeks of data from my checkbook does not necessarily indicate a long term trend (even for me), but I don't believe I will be able to sustain my previous rate of spending.

-- posted by Q_out

Top 299. Apr 30, 2000 4:42 PM

» JenL_2 - The Wealth Effect

Yes Q_Out - There is something to be said for the "Wealth Effect" of the stock market. When the Nasdaq dropped, even though it was all paper gains and paper losses, I thought twice about spending $2.50 on my regular Starbucks grande latte with nonfat milk.......but I bought it anyway! Figured that I deserved the comfort of a steaming hot latte to soothe the pain inflicted by the stock market!....Jen

-- posted by JenL_2