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Politics : Idea Of The Day

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To: Sonki who wrote (15576)	12/14/1997 2:38:00 PM
From: Judy	Read Replies (5) of 50167

Short/Midterm Market Outlook (con't) Sonki, it is as bad as it looks and I will not be swayed. Some have posted the sentiments at SI are overly bearish. I think they are at the appropriate level for the moment. Technically I have posted about the market setting a tradeable bottom ... before earnings come in. Now we are witnessing drops in expectations. Wait til we see drops in performance. SPCT and EFII got creamed,worse that I have seen in years. Many tech stocks are hitting 5-yr lows before actual results are out. We are seeing multiple warnings on a sequential basis. What does that say ... fear is here and may get out of control. That kind of fear does not dissipate fast. I am loathe to predict the market, but I will trade or stay by the sidelines accordingly: Tradeable rally next week or so as posted: Message 2940747 Sell calls or protect positions into strength: Message 2942984 Short into market strength for the market will be fading until spring: Message 2956579

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