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To: Defrocked who wrote (26060)4/14/2000 2:05:00 PM
From: KeepItSimple  Respond to of 42523
 
There's going to be the mother of all rallies before the close today folks.. Get long or get run over.

Think about it. You've got fund managers all over the country in a state of panic- they know that investors are going to see today's returns in the newspaper over the weekend, and investors are going to scream bloody murder on monday. Redemptions, causing more sells, causing the fund to drop even further, and on and on until the manager loses their job.

They'll try to prop it up today with some desperation buys directed at the big 5 naz horseman, and at selected momo techs that have low floats and are easily manipulated.

Why? It will only postpone the inevitable for one more weekend, but when the choice is DIE NOW, you'll go for that extra weekend. There's always a chance something could happen next week to bail them out.

So watch the market get goosed big time this afternoon. You're gonna have people jumping out of windows if there isnt. I'd avoid walking down wall street this afternoon.