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Technology Stocks : JDS Uniphase (JDSU)
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To: Tunica Albuginea who wrote (19431)3/14/2001 9:14:05 AM
From: larry  Read Replies (2) of 24042
 
TA,

I did not check futures when I responded to your earlier message. I am going to cover my CSCO short at the open and feel that a rally will come within the first hour, but generally I believe that we should close today sharply lower, unless AG lowers rate today. However, it will only cause a final dead cat bounce because there will be no excuses (another rate cut in the bag) for the bulls to convince themselves, let alone others to buy the still overvalued US market.

Do you have a time frame that we may bottom out? I think that it probably will take at least 2 years for the whole US market to bottom out. Maybe even longer.
larry!
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