hoh...@netaxs.com (Bill Hermesmann) wrote:
>What's that old saying--sell by Rosh Hashana, buy by Yom Kippur--or is it
>the opposite or what, I forget. I think it worked for a long time and then
>became discredited in recent years along with a lot of other shibboleths.
>It is the nature of markets that items of this nature will always self
>destruct at times. Anyways, We have an interesting conflux of events next
>week with Rosh Hashana on September 25, The Fed Open Market Committee
>Meeting on September 26, and the release of the Durable Goods statistics
>for August on September 27. I mention the Duable Goods statistics because
>I read one economist, a bull on intermediate and long term interest rates,
>who expects a strong rebound in durable goods that would dash hopes for a
>Fed easing in the near term and would unsettle the capital markets.
>Translation-an excuse for a selloff or, good grief, maybe the opposite
>given the predictive records of.........Now,just what is that old saying?

>--
>hoh...@netaxs.com
>"Don't part with your illusions, when they are gone you may still exist