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To: JRI who wrote (36179)5/23/2000 8:44:00 AM
From: JRI  Read Replies (1) | Respond to of 77400
 
REPEATING: Ralph Acampora called for a LOWER NAZ yesterday...shorts...the word is getting around...cover now or pay the consequences! <G> Acampora= the great contrarian indicator....



To: JRI who wrote (36179)5/23/2000 8:50:00 AM
From: JRI  Respond to of 77400
 
*OT* Dick Dahlberg of Pioneer Investment....candidate for investment clown of the day...

He was on CNBC a minute ago. A direct quote: "Historically, investors have not made money on high P/E stocks"...

Huh? What market has he been watching the last 10 years??

Amazing that they let him keep his job, let alone go on TV representing the company...

It's OK to be bearish, but at least be factual....geez....



To: JRI who wrote (36179)5/23/2000 8:53:00 AM
From: michael97123  Read Replies (1) | Respond to of 77400
 
JRI, Exactly right again. What we need in slowly rising Nasdaq (because tech can better withstand interest rate hikes) and weak Dow because those earnings will suffer. Not everything has to go up and the Dow at 9500-9900 wouldn't scare me with the Nasdaq back to 3500-4000. I believe that should be the current relationship between the averages right now. If this happens there will be plenty of cash available for post-interest hike investing. Remember Nasdaq 5000 happened with Dow 10,000.



To: JRI who wrote (36179)5/23/2000 9:05:00 AM
From: JRI  Read Replies (1) | Respond to of 77400
 
"Turnaround Tuesday" today...China agreement tomorrow will help..eom



To: JRI who wrote (36179)5/23/2000 9:26:00 AM
From: Mehitabel  Read Replies (1) | Respond to of 77400
 
JRI-- re "best-case scenario". You made it clear it was just *a* point of view, and not necessarily your own. I do know no one can foresee the future.

But it still was a pleasure to have a respite from the unrelieved bear hammering and the "might", "could", "maybe" weaseling that has been the only alternative for weeks now. The sheer din of bears and weasels just needs to be turned off every now and then. It was a pleasure to read something different.


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