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Strategies & Market Trends : Value Investing

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To: jeffbas who wrote (10346)4/15/2000 1:44:00 AM
From: James Clarke  Read Replies (1) of 78516
 
I would add one more open question, perhaps the biggest. Is the Nasdaq at anywhere close to the kind of valuation where the invisible hand steps in to force a bottom. i.e. where companies take themselves private or where you get cash takeover deals (or at least a plausible case for them) or at the very least large share buybacks. I don't think we get there until the Nasdaq is well below 2000, if not much lower. And I can't think of a sector that has bottomed without those kinds of things happening.

I agree with you, next week we probably see a trading rally - whether its off the current price or 10% below that remains to be seen. But that may be a rally to short.
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