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To: GVTucker who wrote (101688)3/28/2000 4:34:00 PM
From: Frank Ellis Morris  Read Replies (1) | Respond to of 186894
 
For Whom Tolls the Abbey?? Scares the Markets and Intel Falls. OUCH!!

The markets was getting ready for a real solid rally on the news that Grudge Jackson would delay his ruling since Microsoft was trying to work out a settlement wit the government and then Abbey Cohen makes those torpedo comments which is a contradictory to her previous posture on the direction of the Dow and S+P. It was almost like Jeff Vinik recommending Micron technology on Wall Street Week while he was dumping in from his Magellan Fund. Remember that Scam??

I think it is most disturbing that we are suffering immense serious harm at the fuel pumps by the oil cartel while the DOJ turns its back on that issue and is preoccupied with sticking it to Microsoft. Why doesn't the DOJ advocate that the United States and Great Britain unite to control the Oil Cartel or to oversee its distribution?. We cannot permit the economy and engine of the world to be at threat at the hands of a few.

<<Tuesday March 28, 2:58 pm Eastern Time

Nasdaq unable to shake Abby
Joseph Cohen remarks

By Elizabeth Smith

NEW YORK, March 28 (Reuters) - The Nasdaq
stock market continued to lose ground at midday
on Tuesday as investors lightened their holdings in
technology stocks after Goldman Sachs market
guru Abby Joseph Cohen said she cut back on stocks
in her portfolio.

``I think a lot of it was Ms. Cohen's comments earlier today,' said Doug Myers at Wachovia Securities in Atlanta. ``It is just giving people a reason to lighten up on
their positions.' Cohen jolted the U.S. stock market Tuesday morning when she said recent gains in stock prices compelled her to trim to 65 percent from 70 percent the equity portion of the firm's balanced portfolio<<

Indeed It was a disappointment to see so much strength in the premarket S+P futures and the Nasdaq Futures vanish by comments from Abbey Cohen. I was most surprised by her address. Here I thought that our friend Allen Greenspan was the only one we need to worry about.

Frank



To: GVTucker who wrote (101688)3/28/2000 4:41:00 PM
From: Brian Malloy  Respond to of 186894
 
Simply another opportunity to get in on a dip.



To: GVTucker who wrote (101688)3/28/2000 8:43:00 PM
From: Paul Engel  Read Replies (1) | Respond to of 186894
 
GV - Re: "Downdraft? Heck, INTC isn't even 10% off its all time high. This is scarcely a downdraft."

It's a DOWNDRAFT when you've gotten used to UPDRAFTS.

Paul