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« Few Escape That Rope 5/23/06 11:01 AM | Main | Burned Out & Wasted 5/25/06 8:51 AM »

What Would George Costanza Do? 5/24/06 4:25 PM

271153a_1

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Just as in 1997 and 1998, I think you must pay attention to those struggling Emerging Markets as Central Bankers around the world -- for the most part -- move into liquidty strangling mode.

Back then the tag "Sub-Merging" markets became popular description, and you'll probably see that rearing its head again soon enough.

But my feeling is that maybe equity selling is overdone, a short-term bottom could come soon and, most importantly, there could also be a sector rotation out of metals/materials....... you want to try to catch such a thing in it's infancy if possible.

Rotation into what?

I'm not sure yet.

But the Volatility we saw today?......That was something, and let's listen in on the brain waves of a trader in the midst of that crazed action and caught on our specialized EEG machine and transcribed into rather poor, but useable English.

This person was evidently not a Wharton graduate, so I apologize in advance:

Where's this water dripping from?....Is there a leak in this rat trap?.....Oh, those are beads of hot sweat falling off my feverish, rank brow.......tastes salty.....let's see now..... I've made a tidy sum of cash here....should I fold and take it home right now?......I mean, you can't get another fade into the close can you?....that's what everyone expects, and what everyone expects doesn't happen right?...right?.....who am I talking to anyway?....oh, yeah, that's just me.....but it can't fold again can it?....and what if I sell here and it ramps in the afternoon?.....do I have the stomach for buying it again?....I don't think so....hell, I'm a coward at heart....... need someone to blame it on if I blow it.....let me travel over to that web site.....the guy's a loser and......why am I paying the guy $25 a month?......I'm a coward and a moron......good lord, it's down 40 points now and....wait, it's coming back now......I'm selling...No, I'm not......what did George say.....do the opposite?....I'm not sure.....

Stephen

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When Does A Bounce Come?
Nyyyyyyyyyyyy

Big Winner Of The Day: 10 Minute
Dakt_ooo

May 24, 2006 |

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