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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Lucretius who wrote (94086)4/14/2001 11:26:07 AM
From: marginmike  Read Replies (1) of 436258
 
I disagree in the fact that CC and earnings have priced in the absolute worst case ST. So they will rally them through earnings on any ray of hope they can find. The Tech reck will slow, for now. However in MAY -June the 2nd shoe will drop when the Consumer cuts of the tap, and the broader market starts its dissent. I believe the naz has probably seen its low for the year(or within 100pts) but the DOW and S&P have some giving to do. My guess is that Stagflation/consumer Real Estate slowdown etc will be the next shoe, and next quarter warnings that things are not getting better. NAZ has had a huge plunge, I suspect it will go side ways here to pull in the Boby and ASpirit's of the world. I know to many small investors who disbelieve this rally to be to bearish ST. They need to get sucked back in first.
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