Ask DrBob Message Board - Msg: 14291287

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Strategies & Market Trends : Ask DrBob

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To: JUAPO who wrote (2128)	8/29/2000 3:58:49 AM
From: Drbob512	Read Replies (1) of 100058

JUAPO: On the contrary, your tone was fine. I actually had the sense that maybe you were trying to get validation of your more bullish view of the Naz, as you were thrown for a loop by Hahn. Fundamentals and technicals do not support 2300 Naz. We had a much worse situation in March, with rates rising, CPI up too much for 2 mos. It is easy for the Feds to react to a slowing economy or recession. All they have to do is lower rates for 2-3 mos in a row, maybe 1/2 point cuts if necessary, and the economy and stock market would be fine then... Like I said to tekie, probably less than 5% chance of 2300. WWIII or something like plague or huge meteor would have to come about, imho...

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