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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: horsegirl48 who wrote (42281)9/20/2001 1:06:24 PM
From: stockman_scott  Read Replies (1) of 65232
 
Barton Biggs claims we may be near the bottom and close to 'a strong rally'...

biz.yahoo.com

<<...``Stock markets are very close to a one day big sell-off followed by a strong rally that may last weeks or months,'' said Barton Biggs, chief market strategist at top Wall Street firm Morgan Stanley, speaking to the Foreign Policy Association in New York. ``We're going to have a powerful rally.''

Biggs said telecommunications and technology stocks, including Web gear giant Cisco Systems Inc. (NasdaqNM:CSCO - news), telecom gear maker Nortel Networks Corp. (NYSE:NT - news; Toronto:NT.TO - news), and data storage firm EMC Corp. (NYSE:EMC - news) are sitting at attractive prices and ``could easily rally 50 or 70 percent or double.''...>>
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