soft techie, you been real right for the last 3 months, but if we dont get a pretty nice bounce prior to mid january,
ill be extremely surprised, i think your looking for rally into next fed meeting, my guess is we get a surprise present before then, i think the bargain buyers will be out nibbling soon, and when the yield on the 30 year treasuries
starts climbing again, it will be my signal to come out of the bomb shelter because money is coming back to stocks, i dont think techs will return to their march highs for a long time, but i do think all of them were knocked down and there are some opportunities for above average gains in the right stocks, i would be very surprised if we dont at least get a small relief bounce starting fairly soon, sometime next week at the latest, unfortunately, we are not going to get a v bottom, just a stop to the nose dive and then a choppy move back up powered by some nice spikes when greenspan gives the market what its waiting for, offset by some more earnings warnings in january imo
bottom line- the worst is over, just not sure how long it will take to "get better", but im betting it is before mid-january |
