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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Clappy who wrote (11181)	11/2/2000 1:37:21 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

WorldCom was easily understood they have big revenues from longdist, declining prices they overgrew in last 3-4 years Oracle makes sense to me of the 4 NazGenerals: INTC,MSFT,CSCO,ORCL... only Oracle had yet to come down enough downgrade allows for mutual fund rebalancing this whole mutual fund selling was about rebalancing the FibOpts had not come down so funds found themselves overweighted in JDSU,NT,GLW,CIEN,etc we might now be prepared for another leg on the bullrun as for the minor downgrades, who knows? I only pay attention to majors, largecap techs nobody downgraded JDSU,SDLI,CIEN,GLW,EXTR,JNPR I was surprised to see a bold upgrade of BRCD yday I was surprised to see NO downgrade of JNPR yday WorldCom is a big customer of Juniper's we have completed a full cycle rotation of corrections it started with the tech cyclicals: PC, cellphone, semis once the bastard Houses are done, then we rally the rotation may have ended with Fibopt and Storage last week but I think this upcycle will last only until January then I expect some serious pain the onliest thing to prevent pain IMO is a Fed rate cut those crustified Soviet-style economic planners are clueless they might be waiting for the election to conclude I forgot your main question OldEcon devotees might possibly be blocking migration from OldEcon to NewEcon you might be right on here perhaps they just want the Naz run to last longer one way to regulate that pace is to prevent its rapid rise let's see if we get another downgrade tomorrow e.g. NTAP, SEBL, SUNW (nah, not SunMicro) honestly I dont think they can stop migration of money into Naz again that is where the growth lies, which is widely known fwiw/ Jim