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Pastimes : Home on the range where the buffalo roam

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To: Lizzie Tudor who wrote (9834)11/18/2002 4:33:52 PM
From: stockman_scott  Read Replies (2) of 13815
 
Over on the JackASS porch some are already forecasting gloom and doom (and 'the big sell-off')...

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I still see the glass as half-full and realize the market will consolidate and correct BUT I do not see new lows (unless we have a prolonged war, a double dip recession, or some unusual string of terrorist events)...IMO, the market may continue to go 3 steps forward and 2 steps back...We need to see clear signs that CapEx spending is firming and rebounding -- when that happens we could see a nice rally UP to some new levels on the Naz.

regards,

-s2
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