Cents and Sensibility - Kimberly and Friends' Consortium Message Board

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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium

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To: pressboxjr who wrote (19223)	10/18/1999 9:43:00 PM
From: stan s.	Read Replies (1) of 108040

>>> If the numbers don't come in the way the Street expects, look for the Dow and Nasdaq to test lower levels, primarily the 9700 level for the Dow. <<< In some ways I think you've answered your own speculation. If 9700 is the downside risk from here...why not take a chance on this being the bottom, especially if money has been managed well to this point.? The CPI numbers could very well be benign, in which case things might move rapidly, perhaps faster than institutions would like...so an early start here, if one is confident of the downside parameters might be the smart play...with a certain % of assets. If you're still thinking in terms of a major tank from here, then I'll concede your point. I believe 9630 or so would be a 15% decline on the Dow. The Naz had a 10% correction in sight today and lost it with the late rally. Pity really. Regards, Stan

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