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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Jorj X Mckie who wrote (59553)11/11/2000 2:08:21 AM
From: Archie Meeties  Read Replies (1) of 63513
 
FWIW I'm using GE, "the holiest of holy" as an indicator of when the bear is mostly finished. So far it hasn't really suffered tough love - DELL style. At a minimum GE below its fall 99 levels (35-40). Everything after that (and a considerable amount before) was just a massive FED engineered injection of y2k credit, which wasn't needed and never really taken away.

BTW, loans used to finance equity purchases really ramped up in Sept. Only exceeded by 99 Dec borrowing by 1 or 2 billion dollars (of 65 or so)- this was a all time record. This suggests that the first nasdaq correction had little, if any, influence on investing behavior. It must have been viewed as an abberation, a freakish event. Instead, of course, the past 3 years are the freaky thing.
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