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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (90904)	3/30/2000 5:08:00 PM
From: Andrew G.	Read Replies (3) \| Respond to of 120523

Option Jerry :"i was buying..." How is it apparent to you to buy today and not on yesterday's pullback ? I've heard the oft used expression 'don't try to catch a falling knife' Any up tick into the close could easily be seen as Shorts covering not a rally. There is nothing to suggest either a rebound or further retrenchment tomorrow. It's all just guess work. The markets have been losing several hundred billion dollars of valuation daily now. When does it stop ? People who are pumping a percentage of their paychecks into their 401K's and IRA's are seeing those hard earned dollars evaporate as if the past several weeks of work were all for naught. It's a sorry mess when market valuations are not linked to corporate fundamentals. The scariest thing is not knowing what kind of valuation to put on the biotechs. Could they all for the most part retreat to their November valuations ? Horrifying thought, but at the current pace of retracing they will all be there by next week. I'm 80% in cash now and can't find anything solid to hang on to.