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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Crimson Ghost who wrote (92719)7/24/2001 6:01:28 PM
From: Tommaso  Read Replies (2) of 95453
 
How about 8,000?

A classic 40% bear market implies a Dow at about 6600.

Greenspan's monetary flood is keeping a lot of boats off the reef, but it can't go on forever. And at some point the United States's chief export, namely $100 bills, may seem less attractive.

A journey through the Himalayas makes the Appalachians seem like foothills. Similarly, current valuations on the Dow seem low compare to last year's NASDAQ.

I think 10,000 will just be the jumping off point for much lower prices.
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