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Strategies & Market Trends : The New Economy and its Winners

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To: 16yearcycle who wrote (4031)	12/15/2000 2:49:44 AM
From: Libbyt	Read Replies (1) of 57684

LAST DAY TO PICK A TOP TEN Gene, IMO it might be a good idea to wait until next week after the FOMC meeting, and maybe have a deadline at the end of next week to pick a "Top Ten" for 2001. IMO this next FOMC meeting is very crucial...and hopefully there will be some recognition of the change in our market environment. Even if the FOMC changes to a neutral bias, I don't feel at this time that this would be enough to help this market rally. I am starting to feel more pessimistic about many stocks, as there seems to be almost no area that can be viewed as a "safe stock" right now. I am holding a larger cash position than what I usually hold, and I'm planning on waiting to see what happens with the FOMC decision before I buy any more stocks. ("Don't catch any falling knives" comes to mind). My 2001 list most likely would change depending on the results from next week's meeting. I find I'm being more cautious lately, and I probably plan to continue to hold more cash. I am glad I have other investments outside of the stock market...and these "boring" investments are starting to look more attractive. LOL!

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