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Strategies & Market Trends : Rande Is . . . HOME
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To: Joe Smith who wrote (13190)10/6/1999 3:28:00 PM
From: Rande Is   of 57584
 
Joe, I have no fear.

I would only fear a major October collapse if there were signs in the economy that indicated one was coming. . . like last year. . .I screamed here and there that we were about to fall hard. . .most didn't believe me back then and kept buying internets.

I don't fear earnings. . .these are our best companies and I feel most will come through. . . but these days earnings don't drive the markets anyway.

I don't fear Y2K. . . and believe that many are coming around to believing that there will not be total failure, but rather mere sparse unrelated outages.

And remember what drives the American economy. WE DO!! Our consumption of goods is like nothing on earth. So with unemployment being as low as it has been, and with wealth spreading as much as it has in the past few years, I believe we will see the release of some of that cash as we near the end of the millenium. And if not travel, then parties. . . but there will certainly be some SERIOUS money spent.

But my main reason for my bullish stance is the steadily increasing productivity in foreign tech. This is what I believe will drive next years global bull run. . . [which we have already seen starting with the Japanes blue chips]. . .

China is the only place where my eyes focus. . . but the way things are going, we could ride through that too. Yup. . .we could have more wash and rinse, like I said would happen throughout the rest of 99 . . . but I don't believe we will have a fear based October, but rather I feel October will be the strongest month since April. . . .especially for those in the "right" stocks.

Of course, these are my opinions.

Rande Is
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