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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: DanZ who wrote (40619)6/14/2002 8:02:23 AM
From: Kelvin Taylor  Read Replies (2) of 53068
 
Dan,

Your statement, "My point about going back further than one year is that one year does not establish a trend" is correct. One can't make a statistical extrapolation from data back only one year. However, I do think similar conditions are present now as last year. Companies continue to warn, reluctance for future guidance, lack of confidence in the market as a whole, lack of buyers, the list goes on. And the seasonality is not conductive for the market to power substantiality higher. Perhaps we are close to a bottom. That will only be seen the “rearview mirror”, but we could certainly be in a very narrow range where stock prices move very little over the next few months. I see no reason to be 90% invested in stocks on the long side.
This is what I want to see:

1) companies Upping guidance
2) corporation spending budgets increasing
3) market reacts to good economic news with conviction
4) Larry shorts stocks and stays bearish
5) Sue comes back and posts on a regular basis(w/ woooo hooos)
6) Ed goes from mostly cash to 50%+ stocks(long)
7) Joe decides short huge positions in GLW, ORCL, CSCO
8) Ron decides to hold his SUNW more than 15 minutes
9) SMTC goes back to $40
10) KM is offering “green light” specials
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