Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: accountclosed who wrote (50828)	12/22/2000 5:11:02 PM
From: Ilaine	Read Replies (1) of 436258

OK, what did Meehan say? Today's rally was partly short-covering, but he thinks the market will continue to rally into January. He doesn't think we need a rate cut but he thinks the Fed may do it anyway due to pressure - he said "political pressure." He brought up the topic of Bush looking for a tax cut, so I guess that was Meehan I heard yesterday. Yesterday he bought tech stocks. I remember he said Oracle and Cisco, he mentioned a couple of others. If you bought value stocks this year it paid off. The AAII bull vs. bear ratio was a lot more bearish, which was good for stocks. That's all I remember, I was finishing up some Christmas presents and was only listening with one ear.

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