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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: KyrosL who wrote (97587)4/24/2001 2:47:34 PM
From: Skeeter Bug  Read Replies (2) of 436258
 
that is my interpretation of this. this sounds like he took gonzo tech profits by selling.

>>In any event, my proprietary momentum indicators flashed a sell signal, and it's now time for prudence and defensiveness. Tech and financial stocks should be significantly underweighted, and portfolios should be very heavily skewed toward absolute value. Government and agency bonds should perform well, especially as short-term rates will depress money-market rates. I believe that value will continue to outperform growth for a very long time. Traders should look to short rallies but keep stops tight and be quick to take profits, as I expect a 25 basis-point rate cut before the next Federal Open Market Committee meeting. Time waits for no one, and time is of the essence. It's now far better to err on the safe side than to speculate that lower short-term rates will cure all ills.<<

thestreet.com
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