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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: KeepItSimple who wrote (94416)	4/15/2001 10:11:16 PM
From: t2	Read Replies (1) of 436258

market is going to soar tomorrow, and for several months at least. Tomorrow, this week, next week or even a couple of months the market (nasdaq) could be headed up very very rapidly. It may not even go up tomorrow but the strong trend seems to be developing. However, longer term it will run out of steam..maybe by late summer..and if the economy gets much worse, it may come back down just as fast. Economy stabilizing will probably mean the market then settles into a less volatile period. I still do agree on the probability of very rapid gains near term (around 2400 to 2800) driven by short covering and real buying. IMHO, the big gains will come from the once high flier stocks for the Nasdaq. (just look at what happened with JNPR last week for an example). The reason is that people now have accepted the condition of the economy as pretty bad but don't see it getting much worse and the recent market gains will also change sentiment among consumers and investors. It basically parallels the (John Joseph) semiconductor analyst's comments that things are so bad that investors should be buying semiconductor stocks.

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