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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (36782)	5/31/2000 4:31:00 PM
From: pater tenebrarum	Respond to of 42523

we haven't had a proper sellers capitulation in a long time. i agree with you, this slower growth plus higher inflation combination is deadly for the market. it seems however oblivious to this possibility so far. all i keep hearing is a consensus that A) the Fed is almost finished hiking, because B) the economy is slowing down, and C) that there will be a 'soft landing' and D) that the bottom (for stocks) is definitely in. oh yes, and we should buy Cisco and SUNW etc...they may be a bit 'pricey' still, but we should buy them anyway... i thoroughly distrust this new-found consensus...it is most likely wrong. imo these guys are just guessing and hoping they'll get lucky so they can dump their losing positions in overpriced junk in a suckers rally...