STOLEN STUFF:
From: carepedeum2000 Thursday, Dec 7, 2000 12:05 AM ET
Reply # of 42870
i see some more downside early tomorrow with strength into close in advance of employment numbers, as long as we dont get a gore wild card, i think there is a good chance we see a 4.1% unemployment number (4.0 expected) due to all the auto layoffs and the domino effect they cause, if we get the 4.1%, the rally is confirmed, the bottom is in place, and you can start buying your favorite techs because the fed will have to ease and that is the environment that techs thrive in, especially those with consistent growth, i would stay away from pc sector, too much baggage there, but fibre stocks and communication semis and storage should lead the way, i am cautiously bullish that gore is going to go away, we get the increase in labor pool, greenspan goes to neutral at minumum , and the downtrend is broken, and we can go back to buying the dips (too bad we wont just go straight up) i dont see this volatility leaving us for some time |
