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Technology Stocks : Oracle Corporation (ORCL)
ORCL 239.27-1.9%Nov 7 9:30 AM EST

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To: BelowTheCrowd who wrote (16138)8/31/2001 7:19:46 AM
From: robert b furman  Read Replies (1) of 19079
 
Hi Mike,

You make a good point.

I think the nature of our markets will not revert back to the older days of call your broker and hope that their back office can keep up.

In many respects we're in this electronic world of fast executions,whipping volatilty with little alternative but to advance.

I'm thinking the record level of shorts is ominous proof of some vicious volatility yet to come.

My memories of market bottoms do go back to the October 98 as what a bear market is like.The other slower markets like you reference are possible ,but I believe this slow down is an inventory correction resulting from some blind overproduction going back all the way to "bonus padding in 2000.

Our current environment is absent of the major systemic problems that were obstinantly entrenched in the global economy: inflation,deficit spending,high interest rates,unemployment.

This business slowdown has to eliminate some excess capacity and we'll recover quite quickly - more like the October 98 rebound.

JMHO

Bob

I sure don't want to get into a time warp slowdown either.But as you point out is a possibility to ponder.Thanks for the perspective.
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