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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (12113)6/20/2002 12:25:46 PM
From: Wizard  Read Replies (2) of 57684
 
Yah, we are in a negative news spiral and even if good news comes along, inevitible speculation on the next few negatives will probably trump it and squash a rally attempt. Maybe a VIX spike coincident with an end to preannouncment season can set off a short-covering rally and that could be dramatic but conference call season is going to be rough in mid-July as nobody can guide to growth in this macro-spending environment. It is summer vacation time, not a time to get back in for a trade on the market... waiting for labor day... valuations on some small/mid cap growth stocks getting better but not much to do in this good news vaccuum...
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