When people are looking for a bottom in the market,
           I don't think there is  a magic number that has to
                          be reached simultaneously, at least initially.
           Different stocks bottom at different times.

JDSU had several scary moments.
           Certainly the ABrown downgrade with drop to 37.5 was ugly
                                2  weeks ago.
                                I wish I had loaded up there.
           But I did good in the next fall on Jan 2 when market had the ugly fall
                                and we went to 38.2 as I remember. There was palpable fear
                                in the market. I loaded up.

          And then last  Fri we went to 42, but during the terrible news on CA utilities, 
                               all afternoon JDSU refused to go below 42 it's breakout point from
                                last Tues.( when it went to 56 from 42 ) during Greenie's rate cut.

      

-I think that most tax selling is done.

-I think that shorting against Greenie's current and future rate cuts 
is equivalent to suicide.

-There is a lot of money on the side.

-We have a President who ( IMVHO) is not going to be pushed around
                           and will put the USA in a very firm path.

-Most of all, we've never had in 50 years a total
                        Republican Prez+Congress.

I know how you feel about Republicans, VBG, and
I am not asking you
to become a Republican! ( Not yet ! Maybe later; VBG;
We do need to see the results of this Administration ).

All I am asking is that we give this people a chance , VBG,

cheers

back much later

TA