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Strategies & Market Trends : Sharck Soup
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To: DlphcOracl who wrote (14560)4/3/2001 5:59:15 PM
From: velociraptor_  Read Replies (1) of 37746
 
Definitely. At this point, the Naz stocks are still going to bleed simply due to the rubberband effect. They got so out of whack to the up side that the snapback effect should literally decimate many of them even below where they should be reasonably valued.

The DOW and S&P stocks however, have not felt the same lashing, because they were considered "safe haven" stocks. For almost 2 years the DOW went nowhere, as pounded tech money left the Naz and went to the DOW, Now it has nowhere else to go. Yes, these stocks have the most downside risk at this point.
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