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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum
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To: Rick Buskey who wrote (566)1/4/2001 3:38:08 PM
From: Dave Gore  Read Replies (1) of 6445
 
Richard, it's hard to say if a weak jobs# will help or hurt the Market tomorrow.

If it's weak, we get a further likelihood of a 25 or even 50 basis cut later this month, but it also may remind people how weak things are and rekindle worries. As usual it all depends on Wall Street's "spin".

If it's not that bad, the Market could also rally or fall.

It's almost as if the Big Boys want to leave their options open to move the Market in either direction depending on where they can make the most money in the short term. The most prudent thing to do is sell your profits today and re-assess tomorrow. I agree.
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