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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (9948)	2/15/2000 7:41:00 PM
From: Lucretius	Respond to of 42523

LOL. true... no impressionism there... just the cold hard facts -g- (i need to catch up on my art -g-)

To: pater tenebrarum who wrote (9948)	2/16/2000 7:59:00 AM
From: re3	Read Replies (2) \| Respond to of 42523

from a canuck newspaper : (3600 on the nas ??) 'More serious correction' in store for Nasdaq Paul Bagnell Financial Post Was that it? Stock market prognosticators have been calling for a correction in the high-flying Nasdaq composite index for months and, so far this year, it has twice plunged by almost 10%. Both times, however, the technology-heavy index climbed back to a record high almost as quickly as it had fallen. Traditionally, market watchers have defined a correction as a loss of 10% of value in stock markets. But yesterday two experts said January's downward spikes in the Nasdaq are just evidence of market volatility. A more entrenched correction lies ahead, they said. Between Jan. 3 and 6, the index dropped 9.8% to 3727.13, then posted a series of daily gains until it set a new high on Jan. 19. And, from an intraday high of 4303.15 on Jan. 24, it fell to 3887.07 -- another tumble of 9.8%. This time, it took only six days for the lost ground to be regained and the index closed at 4321.77 on Feb. 7. "I don't think the downside is finished yet on the Nasdaq," said Subodh Kumar, chief market strategist at CIBC World Markets Inc. in Toronto. Mr. Kumar expects the index to drop close to the 3600 level early this year. Investors, he says, will sell highly valued "concept" technology stocks for cheaper stocks in technology and other sectors. "This continues to be one of the most volatile arenas extant," said Alan Ackerman, senior market strategist at Fahnestock & Co. in New York. Rising interest rates, high oil prices and record levels of debt by investors buying stocks on margin all pose threats to the Nasdaq, Mr. Ackerman said. Another significant sign, he said, is a lengthening list of stocks hitting new lows. "That suggests further weakness ahead." Yesterday the Nasdaq closed up just 2.22 points at 4420.77.