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Non-Tech : Invest / LTD
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To: SJS who wrote (11881)2/2/2000 1:00:00 PM
From: drsvelte  Read Replies (1) of 14427
 
I like this post....


To: bp who wrote (1929)
From: Original Mad Dog Tuesday, Feb 1, 2000 11:36 PM ET
Reply # of 1931

Do you realize we've had 2 10% corrections in the NAZ during January?
It's a rare month where that happens. I haven't looked it up, but it can't be a good sign. And I would not be surprised to see it happen at least once in February also. Scenario: Fed hikes 25bp, setting off relief rally taking us back to 4300 or so within a couple of days. Economic data comes out strong this Friday or next week, and 500 points comes off the Naz again (and 30 or so off EXDS). Then everyone regroups after the conventional wisdom becomes that the next 25 bp hike is already priced in.

Should be a good year for cardiologists.

MAD DOG
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