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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (32270)10/30/2000 11:39:05 AM
From: chic_hearne  Read Replies (1) of 436258
 
I'll go out on a limb and guess that now we are at the point where it's near impossible for the Naz to rally above 4K.

Earnings this quarter have shown that if you miss, a 50% haircut is in order. "Good" earnings are not getting rewarded at all, they are getting sold. It almost looks like valuations are starting to matter again (I know, this is impossible -ggg-). Given the fear that's starting to appear for high valuations, there is just no catalyst which can push the Naz significantly higher. At some point in the near future, an acceleration to the downside seems very likely.
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