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Strategies & Market Trends : Sharck Soup
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To: Softechie who wrote (34850)9/10/2001 4:49:27 PM
From: American Spirit   of 37746
 
The markets now wait for a good excuse to rally and they will get one. Or two. Way overdue. Amazing how much was lost last week alone. Even on some of the best value stocks. And think of the millions whose retirement funds just got cut by 20%. Youch. That's why supporting the market is now priority #1 for our leaders. As it should be. Shorts definitely got what they prayed for while no one was minding the store last week and last month. Now it's time to do a little reversal for awhile. Maybe even a big reversal. The old shock treatment. Watch the supportive action from DC this week. It's a race to see who can be the biggest hero from out of a vaccuum of leadership. These things do matter. People think "locked box" no longer safe and they panic. But that feeling can be reversed. And it must be. And when it is watch the short squeeze and the bargain-buyers. True we will hit more profit warnings soon but shorts won't get a free ride any longer like that have had for the last six weeks. On the contrary in fact.
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