By: lu.luke on Mercoledì 05 Dicembre 2001 10:05
NEW YORK, Dec 4 (Reuters) - U.S. stocks rallied on Tuesday, lifting the Nasdaq market to its highest close since mid-August, as investors bet on a rebound in technology shares, and bonds rose on hopes for another Federal Reserve interest rate cut next week.
The dollar firmed against the euro and yen on news that euro zone economic confidence slid to a four-year low and Japan suffered another downgrade in its sovereign credit rating.
"There is an absence of negative news out there and that in itself is lifting some of the burden off the market," said Stanley Nabi, managing director at Credit Suisse Asset Management, which manages $100 billion in North America. "Companies are coming out and saying things are not any worse than they were a month ago."
Indeed, Cisco Systems Inc.'s top executive said November orders met expectations, offering reassurance to investors after two quarters of anemic sales for the Web gearmaker. Stocks climbed late in the day as optimism over an economic upturn next year overshadowed concerns the market may have rallied too far since hitting three-year lows on Sept. 21.
"There is still a lot of money on the sidelines," said Richard Babson, chairman of Babson-United Investment Advisors Inc. "Everybody wants to make sure the ship doesn't leave without them."
Scommesse, insomma, on an absence of negative news; anzi puntando proprio sulla negatività del momento, secondo il più classico dei mecanismi autoreferenziali (già più volte indicato).
Zibordi ha avuto ragione, operando trades stretti sui futures, ma anche lui nei termini di una scommessa riuscita: la congestione può sempre rompersi all'insù o all'ingiù.
Anche se le probabilità di un up aumentano, non c'è dubbio.
Pronti con le scommesse per oggi?