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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Jay Rommel who wrote (2255)	6/18/2000 11:57:00 AM
From: GROUND ZERO™	Read Replies (1) \| Respond to of 33421

>>BTW, didn't all the "experts" say we were going to NAZ 2500 two months ago?<< Very good point!!!!! How quickly we forget...<g> GZ

To: Jay Rommel who wrote (2255)	6/18/2000 12:09:00 PM
From: Shtirlitz	Respond to of 33421

The oncoming earnings season is meaningless. If the economy is really starting to slow down, and the corporate profits are getting affected, then this will not show up untill 3rd or 4th quarters. Right now all major banks are reviewing their loan portfolios. If they'll decide to cut down on new loans for a while, this will slow down corporate spending considerably. In turn it will slow down the equipmnet upgrades by major telcos. And this in turn will slow down the high tech sector. And you will see Naz at 2500. Just a possible scenario.