Moguls Mantra to the Markets Message Board

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Non-Tech : Moguls Mantra to the Markets

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To: Jimbo Cobb who wrote (101)	6/15/2001 1:17:12 AM
From: $Mogul	of 220

Jimbo, don't bet on the magical 2nd half recovery that every one has ratched into your brain.. Hope and prayr is all the media has instilled at this stage for an earnings recovery, stocks are fully priced again..and we are back in the bubble, aka Son of the Bubble. Some market participants feel that relying that the FOMC will cushion there fall. Wel I have news for them... Fed has about 1pt max left, and it is my assumption that they will be raising rates by eoy, early nxt year. By year end Nasdaq should be firmly under the 1800 level. Trade them and be cautious out there... very murky and deceiving waters out there, and trust no one.... I hope these senate banking commities put into law a real seperation of divisions of these IB's..oh I can dream can't I. Respectfully, Mogul

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