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Non-Tech : The Critical Investing Workshop

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To: unclewest who wrote (16927)4/29/2000 1:22:00 AM
From: djia101362  Read Replies (1) of 35685
 
Uncle West, I'm going to have to disagree with you here. For the most part I think the correction is done. And I don't think it was a correction, we went through a full blown bear market.

5 years ago this bear market would have taken 6 months but in today's market things happen alot faster. I don't think anyone expects the market to go straight up from here. I think the one thing that we can all learn from the first 4 months of trading this year is that markets are becoming increasingly more volatile, this will not change.

Although there is quite a bit less money out there than there was 2 months ago, I don't think that will make too much of a difference. All of the money that was chasing the dotcoms to dizzying heights will now be chasing fewer stocks, namely tech stocks will solid growth and solid earnings.

IMO, the new bull market in tech started this week. The DOW rally has just about run its course and we should see money moving back into tech at an increasing rate over the next few weeks.
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