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Gold/Mining/Energy : Gold Price Monitor

GDXJ 124.11

-13.6%

Jan 30 4:00 PM EST

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To: Zardoz who wrote (61530)	11/30/2000 12:25:26 PM
From: Rarebird	Read Replies (1) of 116944

<The Dow would have to be collapsing as fast as the NASDAQ.> The NASDAQ has a much higher valuation than the DOW so shouldn't it fall at a much greater rate as growth decelerates? The recent decline in the NASDAQ Composite of 50%, while it occurred in only 8 months, to me classifies a bear market. People who held tech stocks through that decline saw some real damage to their portfolios. <The NASDAQ is reflecting slower forward earnings potential. And as Such SHOULD sell off. But that does not make the Markets into a bear.> I'm not disputing the reason behind the sell off. The Dow and S@P should follow the NAsdaq's lead and hit new lows for this move. PS Great Call on ABX

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