Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Crimson Ghost who wrote (35334)	3/1/2002 11:07:31 AM
From: t2	Read Replies (2) of 99280

What do you make of the strong economic data? As I see it; it is consistent with the view that the Nasdaq goes lower. Mild recesssion might lead to mild recovery. That does not help tech because there was a spending bubble not too long ago. If that is the case, tech spending is not likely to pick up significantly and therefore a lot of those stocks are vulnerable to major drops as valuations get re-adjusted. Growth still could mean severe declines in the Nasdaq. Watching one of those stocks that depend on a tech spending pickup--Oracle..very weak today. If you suggest smart money sells at the end of the day, then today. For the strong day to hold, I think Oracle has to close much better than it looks now. jmho

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