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Strategies & Market Trends : Sharck Soup

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To: Ron Dior who wrote (25304)	5/29/2001 6:17:13 PM
From: DlphcOracl	Read Replies (1) of 37746

Ron Dior: I, too, think NASDAQ will blow past 1600 between now and the end of the year. My guess is that after the June earnings warning season we will have one final bear market ("summer") rally in July and August that will be fueled purely by the Fed interest rate cuts and increased liquidity. This will draw in the last of the investors hoping to get into the market before "the train leaves the station". However, fundamental valuations and stale inventories will once again rule the day and I think this will give us the last and worst leg of the bear market. Between September and end of November gets my vote for the last NASDAQ dump. I see this one taking us under 1500. This will (IMO) be the proverbial "buying opportunity of a lifetime" for LT investors willing to wait 2-3 years max, probably sooner than that. Even if inventories are slow to dissipate, the inevitable innovation in the technology sector will give us new products and stimulate new demand, particularly in the broadband and wireless sectors. Just my opinion.

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