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Strategies & Market Trends : Three Amigos Stock Thread

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To: James Strauss who wrote (8406)	9/6/1998 9:45:00 PM
From: Sergio H	Read Replies (3) of 29382

<Earnings revisions have already been done to the downside.> Not exactly Jim. You know I do my homework, so please don't counter with blanket statements like that. Revisions have been done both upward and downward. The downward revisions have received more attention. <What's more significant is market breadth.> The market breadth reflects over reaction to losing money in the short term.....plain old fashion profit taking. You don't expect the market to go only up. I know that you don't. <The next two Qtrs will reflect the overseas economic impact on our multinational companies.> Most stocks have been beaten down, regardless of their respective international exposure. That's an over reaction by investors and market players. Astute investors will soon regain their composure. The current market correction does not need an interest rate decrease to spur the market higher. That solution would be a short term fix creating a longer term correction. That's my blanket statement. Sergio

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