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Technology Stocks : JDS Uniphase (JDSU)

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To: pass pass who wrote (15029)12/20/2000 12:58:00 AM
From: Tunica Albuginea   of 24042
 
pass pass, the 38% decline in NASDAQ, IMHO, is due to
a once in a lifetime occurrence of bad events
all happening at the same time:


- the approaching end ( 2000 ) of an 8 year old aging Bull
- full economy that couldn't grow faster than 8%
- Triple Bubble caused by money pumping into
Asian Crisis '98, Russian Crisis and y2k non-event
by an insecure Fed Chairman.
- An ill timed revival of the oil cartel
- Internet tulip mania unpropitiously born 1999-2000
- Unhappy arrival of Oct. tax selling season
- a nasty re-election with an arrogant Vice President
who insisted on counting nonexistent dimpled and
pregnant figments of his imagination with complete
disregard of the law and of what effects his attempts to
jerry rig the election where having on a swooning stock
market.
- rising inflation compounded by rising health care due
to 8 years of failure by this administration to try and
fix the problem; trying instead to sweep it under
a gravestone called HMOs and National Health Insurance,
complete failures every where they've been tried.
- A misguided Fed Chairman, who is too old and slow to
keep his pace up: too late in raising rates and too late
in lowering them.
Lost in his own mutterings and mumbling unable to see
The Bubble in time because he created it and he was
inside it.
-And finally a President who has allowed the highest state
of taxation in 50 years to persist through a misguided
belief in a the socialistic dogma that only redistribution
of wealth can create wealth,

Just some thoughts that quickly come to mind.

Now we wait for Pat's quick Democratic defense
of the White Oral Orifice, cigars included

TA

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Message #15029 from pass pass at Dec 19, 2000 10:37 PM
The way I look at it, this Nasdaq crash is man-made. Not by politicians, but by one man. He's worried about the wealth effect
to death, so he's determined to let the air out of the internet bubble. Now, the market heard him and threw the baby out with
the bath water. To him, it doesn't matter because he feels the country can survive with or without the internet.
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