VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: lurqer who wrote (3691)	9/26/2000 5:02:24 PM
From: lurqer	Read Replies (3) of 65232

Market Scenario Update Ten days ago with Message 14395881 an argument was made for us currently being in the second phase of a bear correction. The hallmark of such a phase is earnings jitters. Since that post the jitters have only amplified - INTC being a high profile case. Actually I don't believe either the earnings or the warnings have been all that bad. However it's not the facts, but the psychology (i.e. not the earnings but the jitters) that affects the market. And right now we have the jitters in &spades;'s (perhaps in part because of the new SEC FD rule). As long as this worry persists, I'm holding with the presented scenario (and slowly erasing my "runup to the election" scenario). Remember as I said in my earlier post, this is a market scenario and a particular stock may deviate significantly (John and Tim - read that as Q). In the context of the aforementioned scenario, it will be interesting to see how strong the end of quarter "window dressing" is tomorrow and Friday. lurqer

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