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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Grandk who wrote (31331)10/25/2000 6:25:10 PM
From: pater tenebrarum  Read Replies (2) of 436258
 
hmmm...it may be getting closer in time, yes. the occasional heavy heart is not hard enough proof for me. i notice that the BETTING is on a quick rebound, as evidenced by the recent swift collapse of the Rydex ratio and today's ultra-complacent p/c ratios.

that said, we have already seen what this market is capable of by way of violent bounces, and a/d vol. was of bottom type negativity today on the NAZ.

fundamentally the big problem that the bulls have is that most tech stocks got pushed to such extreme valuations, that you can cut them in half, and the valuations are STILL extreme. if the economy is slowing sharply, growth estimates will have to be cut AGAIN...the process has barely begun in fact. sure, lots of ifs and buts....maybe Al will print us back to nirvana starting tomorrow...
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