To: Clint E. who wrote (25602 ) 3/16/2000 8:19:00 AM From: j g cordes Read Replies (2) | Respond to of 68378
Hi Clint, Harry, Suresh, Dorothy and all.. what a night! I tried to make New England boiled dinner in a pressure cooker. I'm not one to wait for good things so I didn't allow the pressure to fully escape before prying the lid off. Wham.. the screw on top left my hand, went up a foot in the air, a cauldron of cabbage (don't you like that phrase) amounting to half the contents went shooting across the kitchen coverning the stove, spice racks, pots and pans rack, refrigerator, out into the living room onto a Persian rug, landing a small chunk of corned beef two inches from the nose of the dog.. who thought mana had arrived from heaven. A three hour clean up! So while still on the Irish theme Michael Murphy sent me this ditty this morning on the market. "I'm looking for this correction to continue to play out over the next 4-6 weeks, fueled largely by the Federal Reserve's expected interest rate hike on March 21st and the resulting impact on tech stock price/earnings valuations. Once we get this downturn out of the way, however, I think tech stocks are going to soar clear into 2000 and 2001. Why? First, strong earnings growth for technology companies this year and next is going to drive the whole sector to new heights in the months ahead. And second, history shows me that the Fed is unlikely to act against the stock market in the second half of an election year. This means that you must act now to get fully invested by Easter, or you could miss the biggest tech stock buying opportunity of the next two years! After yesterday's drop, there are now 5 technology companies that I'm advising my readers to buy today at tremendous discounts. And I expect several other dominant technology companies to dip into my buying range in the next few weeks. I'd love to share the names of these companies with you, but in the interests of my subscribers I can't do it." So there you are, both the dinner and Murphy are in the dumpster. LOL