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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (117214)11/22/2000 2:16:11 PM
From: Dave Gore  Read Replies (4) of 120523
 
Jenna, with all due respect, Kevin may be right about a furious rally next Monday. IF (and I say if) Dade does not recant their decision to not count, the odds are Bush wins and is certified next Monday.

It could happen. Then we see tech and biotechs rally like mad....and even Mr. Softie (albeit temporarily)

We could see a relief rally of 500 points easily in the COMPX. It could be the short term catalyst that the Markets want. Then after a few days, the earnings warnings worries and Fed easing, etc. will again take center stage and we stall and fall again.

But a quick and fast rally is more likely now than I thought. I give it a 50-60% chance next week.

The market reaction to the the Dade vote is very telling that the Market is ready for results of the election to be OVER!
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