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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: y2kate who wrote (3124)	7/27/2000 7:53:42 PM
From: Boplicity	Read Replies (1) \| Respond to of 13572

Everything applies except you could change bull to bear. The reason I changed my mind has been the speed of the deterioration of the rally and the lack of follow through from earnings we are seeing. The normal "sell the news" has turn into something entirely different. What might be needed now is a fed decrease. Looking out, earning comparisons are going be hard to beat going forward due to the slowing of the economy, the maturity of the PC sector, the slowing of the cellular sector that will be in a transition phase as they move to 3G, the decrease of the promise of the dot.coms and the new economy. (There is one condition that I find as a crack in the above, the ever present part shortages.) I can't ans. how long this bear cycle will last, maybe next spring late winter but that's pulled out of my hat. I was looking for a rally this fall, and we will get it, but it will not produce a new high for the averages. Yes, there is real potential to move right back down to the low we saw in April, in fact I welcome it. I would have to say we are short term over sold condition so we are due for a rally, which I thought we would get today. But I feel, given the season we are in, that all rallies will be sold into and short lived. Greg