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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (59862)	11/13/2000 9:36:26 PM
From: Poet	Respond to of 63513

I hope you're right, Jorjie, that the next rally will be fueled by growth and actual earnings. I sure would feel a hell of a lot more confident in holding the stocks I love over more than a week, if that were the case. Are you saying that the next tech rally will be several years out, or the next speculative bubble will be that far away? scratchin' my head.

To: Jorj X Mckie who wrote (59862)	11/13/2000 9:45:21 PM
From: bobby beara	Read Replies (1) \| Respond to of 63513

jxm, u know i'm into contrarian psychology, on a larger scale we had tremendous "goldilocks worldwide economy" speak in 1997, which was when the nyse summation and nyse new highs peaked in july/october 97, which was the precursor to asian crisis and the top in 98, which has preceded a two year bear market in the nyse a/d line, now the nyse is made up of real companies, with real earnings, not speculations. i believe the "new economy" is equal to the "worldwide goldlocks" of 97 and that we should see and equal length bear market in tech, that should last till the 4 year cycle low in 2002, of course there will be boffo bear rallies to get everybody up on the slope of hope. october 99 thru march 00 was a rare event, doesn't come along more than once a decade. >>>The next phase will be based more in fundamentals>>> thats a sad statement for tech investors, because they have nothing to hang their hat on but the hope that there is a greater fool out there to bid up their speculative investment on some news story or earnings surprise (which ain't happenin lately -g-), to a price that is way beyond what any serious businessman would pay for a business 3000 is now resistance, can the bullz come back an rally above it.