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Strategies & Market Trends : Sharck Soup
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To: velociraptor_ who wrote (17515)4/20/2001 12:45:14 PM
From: American Spirit   of 37746
 
Treasury Secretary O'Neil just answered the question, "What is the greatest danger to our economy?" by saying TALKING OURSELVES DOWN. In other words, it becomes a self-fulfilling prophesy regardless of fact or reason.

Shorts may be only 10% but they were making 95% of the noise. They talked the market way down below where it should have been. Bashing, bashing and dishonestly too. The LU rumor was all the evidence I needed. LU currently approaching a double from that Big Lie day. The optics division was not worth 4 billion but 8 billion.
Now three may be a few stocks out there which are overvalued but most are still undervalued esp considering that by 4th Q we will have a strong recovery underway. If we guess the economy will collapse by then keep shorting and take your chances.
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