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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Tommaso who wrote (94093)8/30/2001 11:39:26 AM
From: ItsAllCyclical  Read Replies (1) of 95453
 
Tommaso with the Dow and S&P you're probably right, but the with the Nasdaq I think it's 1991.

The DOW and S&P have yet to correct to the same magnitude (or even a portion) of the Nasdaq loss. Given the valuation on the DOW 5000-6000 would seem far more realistic in this bear market assumming that any recovery is delayed until mid to late 2002 (maybe longer if the consumer cracks).

I'm prepared to go bullish, but there's nothing compelling yet imho.
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