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To: Road Walker who wrote (102363)4/14/2000 6:27:00 PM
From: Tony Viola  Respond to of 186894
 
John, the symphony does sound like a good distraction after today. Hope you enjoy it.

Tony



To: Road Walker who wrote (102363)4/14/2000 6:46:00 PM
From: Larry Ames  Respond to of 186894
 
"Take a moment to look at a weekly Nasdaq chart. If you look at the trend that was taking place before the October 18th low, we are pretty much where that trend would have led us had we not gone on that crazy upswing. So my guess is that we have come back to "not being ahead of ourselves" (or not counting the chickens before they hatch)."

John,

Thanks for the suggestion. I not only charted the Nasdaq, but INTC and AMAT, my two largest holdings. If I forget how much I had on paper last week, I can look at the chart and feel pretty good.

Look forward to a better week ahead, but for now, home for a beer.

Larry



To: Road Walker who wrote (102363)4/14/2000 11:31:00 PM
From: Harry Landsiedel  Read Replies (2) | Respond to of 186894
 
John Fowler. Re: "Not saying that we can't go down farther, we can always get overly pessimistic. But I think we're OK here as far as what reasonable expectations should be."

I think that depends on if what happened today was a "market event" or an "economic event", and it may be too soon to tell.

If it was a "market event" then we can expect the market to bounce back over the next few weeks/months. If it was an "economic event" then that would mean that today's inflation numbers are a symptom of the last phase of an expansion, in which case the next phase is either a HARD or a SOFT landing.

Only time will tell which it is, but given the strong earnings picture, it would appear that either we have more growth ahead for the economy or that we are headed for a very hard landing. Time will tell.

HL