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Non-Tech : Moguls Mantra to the Markets

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To: noneed who wrote (26)12/5/2000 7:34:38 PM
From: $Mogul  Read Replies (2) of 220
 
Today we saw a move in the mkts due to what was implied by Fed Chairman Alan Greenspan, on the hinting that he will not make the same mistakes as Japan did..implying a ease in future rates, theus addind liquidty to the equity mkts. Just what the Street loves to hear, thus a monstorous rally.

Now, i preceive that a short term bottom has been made for the year of 2000. I still think that if no int. rate cut is done in early to mid 2000 and we have economic numbers that are the same or worse then what we have been seeing as of late..then we could still be in a wave 3 of 4 down....the valuations of stocks and ther erelative PE's are still outrageous by historical standards.... but short term..i think 3000-3200 is a possibility for end of 2000 in my opinion. I still see formidable risk..going forward, specifically on a case by case basis for equities, so DD is crucial... and I selectivity is key.
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