Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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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 (119507)	12/19/2000 11:24:02 AM
From: Dave Gore	Read Replies (2) of 120523

I believe the Market will go down modestly immediately after the Fed announcement today (on news of a neutral bias change) and then sometime Wed-Thurs we might get an opportunity for a snapback mini-rally before a flight to cash on late Friday. I then expect the Market to do well on low volume the week after Christmas, at least if the earnings warnings are not too bad. Maybe it will do well on Jan. 2 too, before perhaps running into serious problems Jan. 3 or 4 as earnings warnings intensify. If Greenspan surprises and announces a rate cut, I think the Market goes up later today and probably for tomorrow before selling off again on worries that the economy is doing worse than expected and AG must be really concerned about it to make such a "shocking move". I can just hear CNBC pundits using the word "shocking" and "unprecedented", can't you, if a rate cut is announced, as they sensationalize everything? How much the market moves in either direction depends on how much it has run up or down prior to news or to a change in direction.

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