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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (25999)10/9/2000 3:38:48 PM
From: chic_hearne  Read Replies (2) of 436258
 
God, please give us just one more blow-off on the NASDAQ so that I may initiate my nuclear short-strike. Amen.

LOL

IF earnings are good (that's a big IF), I wonder if the troops could keep this thing pumped up for another few months. The bottom line is that people now expect 50% gains every year and base multiple economic decisions off of anticipated stock market gains. In many ways the stock market is the economy. The longer the Naz stays under 4K, the more disasterous this situation potentially gets. This may be showing up already, who knows. How many PC purchases have been delayed lately due to consumers cooling it until the stock market stabilizes? It's getting worse now that "big cap tech" is taking it on the chin. Earlier in the year, I think only the super duper Clowns were caught in the Internet blow off. The next level of Clowns all convinced each other they were safe by staying with the likes of INTC, CSCO, etc. Now that these stocks are taking it in the arse, pain is being felt by many more investors. I still see very little fear, which I think is key before we blow off. Naz 3000 may not even bring fear as long as there's a ***belief*** that stocks will go back up. Fear is creeping in, but it takes time.

Days like today are great. The perma-Clowns have been jumping for joy all day ****just**** because we recovered to even. The blow off happening right ***now*** must just be sucking the life out of many Clowns.
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