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Politics : Idea Of The Day

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To: Judy who wrote (14771)11/19/1997 1:03:00 PM
From: Tom Trader  Read Replies (1) of 50167
 
>>If this scenario plays out, then when the market corrects, it will be severe

Time will tell, my dear

>>Market is needs a firm base from which to move up

I agree that a bit more base-building would not hurt--but don't lose sight of the fact that many stocks have come close to/tested the lows that they established the day after the 550 point sell-off. But you are right about the need for a sector to establish leadership--I think that it will be the big-caps.

>>Analogous to building an expensive house on a shoddy foundation in earthquake country<<

Sure--but the house would only come down when the earthquake hits -- so the question must be --- what is the earth-quake(unexpected event) that could bring the market down if we rally from here?

Get my drift, luv??

>>Re: "Well sweets" ... Hey, OJ, you posting to me as TT???????????

Now are you playing favorites--letting OJ call you "sweets" -- and not wanting me to do so??
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