Mviv -in tech land - is the ricky part. I 'm thinking it's the heavy stocks here, steel and railroads that are going to take it the hardest......
You may be right, my theory is that there is a lot of money that thinks that the techs are going to take off and play catch up to the other indexes and when they start to break down instead, on the back of the erroneous assumption that Vista is going to boost the sector, there will be a lot of money caught wrong footed. I also think we are going to see increasingly worse data points coming out of tech land, more so than other sectors. Either way IF the market breaks there will be plenty of money made on the short side all around.
Registered: Mar 2006 Posts: 770 02-16-07 01:50 PM I believe the 2% downturn starts today and will extend into next week. China raised lending requirements Microsoft is soft new homes sales take a second leg down + an over bought market and giddy schoolgirl attitude on CNBC = SELL >>> 2 weeks early. Not bad. I have to say I am damn good at calling general market directions always have been. Not so good at listening to my own advice though.