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Pastimes : Nasdaq Bottom?
QQQ 632.08+0.5%Nov 3 4:00 PM EST
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To: Mr. Aloha who wrote (8)12/23/2000 11:39:02 PM
From: Catcher  Read Replies (1) of 73
 
i see no catalysts to take the naz much higher. a 25 basis point decrease in January is already built into stock prices & when fed doesn't raise 50 bp in jan or feb stocks will slide. pe's for techs like jnpr, csco, jdsu & csco will likely be taken down so no sustainable tech led rally. not usually so glum but right now that's how i see it
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