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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: put2rich who wrote (76575)2/25/2000 4:09:00 PM
From: Simba  Respond to of 132070
 
TD:

I am not predicting anything as I am very poor at it. I am just watching this market in astonishment and thinking aloud my hypothesis for this slow leaking in the DOW. Everbody knows that the old economy companies are huge customers for the high tech stuff. I can imagine the CEOs of the DOW companies suddenly spending their money in doing stock buybacks instead of spending on all the high tech stuff they may not really need. This will cruch the DELLs of the world.

My thinking is it would be highly unlikely that the NASDAQ can keep climbing under such a negative influence on the stocks of their customer companies. As i said AG may be getting his wish or engineering his wish with help from Wall St. Also the presidential candidates would welcome a staged liquidation so that just when one of them gets into office, they can start from a low level on the indices and AG can cut rates again.

Good Luck on you USPIX.

Simba