C-Cube Message Board - Msg: 6602796

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Technology Stocks : C-Cube

CUBE 36.94

-0.8%

Dec 1 3:59 PM EST

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To: Rarebird who wrote (37494)	11/29/1998 6:04:00 PM
From: stak	Read Replies (1) of 50808

rarebird,>>I did mention to Fred ( and a few other people ) after the surprise second interest rate cut that I thought that the indexes would hit new marginal highs. << that second rate drop took me by surprise coming so quickly after the first. why not one drop of 50 basis points instead of 2 back to back drops? i've never seen 2 drops so closely timed, was there any meaning to the second drop coming so fsat after the first? >>I am extremely Bearish for 1999. We are in the midst of the most widely speculative blow-off in the history of the U.S. Stock Market. I have no idea when this blow-off will end. But when it does, watch out below. What took place last summer is an omen and preview for 99.<< could you give us a very short recap of what exactly happened last summer before the interet rate drops saved the market? >>It is a speculative blow-off, Stak. Even 12,000 is possible here. Interest Rate Cuts are extremely bullish for the stock market. The question is whether they will help corporate earnings. My answer is no. I expect Brazil to default on their debt in 99, setting off a whole Latin American debacle, similar to Asia. I feel we will break considerably below 7400 in 1999.<< ok so a default by brazil is a'trigger' for the market to fall well past 7400? doesn't it usually take more than one factor to trip up a bull like this one? you mention rate cuts being extremely bullish, but thats a doubled -edged sword. do you see a rate increase as being a catalyst for the market drop????-- ah, ok i see in your next paragraph that you see more rate drops. never mind . >>I think Greenspam will continue to lower rates aggressively.<< i predicted the market would fall to 5600 a few months ago becuase of what i've heard friends from hong kong say about the situation there. i was totally off to say the least. stak

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