Piffer OT - And Other Assorted Nuts Message Board

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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts

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To: Rich1 who wrote (63005)	1/3/2001 10:53:52 PM
From: Patrick Slevin	Read Replies (1) of 63513

Eh, what I think ain't popular. I think the Market is a Sell. Maybe not tomorrow, but I think it's a Sell. Look, the reason for the cut is because we are in a Recession. Earnings shall be lower, it takes forever to get this to trickle down to the general population and sure, we may see a Bull Market for a short while, but the fact is the economy isn't going to turn overnight and the market should stall at resistance levels. Unless the Market shows strength after this crap today it's going right back down. This was the Ultimate Good News. Alan Cut Rates. Anything after this must be good news or neutral. Anything less is going to hurt. You cannot do any better than AG cutting rates, and we are at where we were a week ago. A few waves of bad news will tank this market. The Silver Bullet has been shot, now what? By the way, I own stock same as anyone else. Me, I'd just as soon the sucker went to 40,000 on the DJIA and allowed me to buy an island in the Pacific. I just think it ain't happening. By the end of the year my guess is that the traders on the NYSE are back wearing their "Dow 10,000" hats again.

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