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To: GROUND ZERO™ who wrote (1067)11/30/2000 5:42:16 PM
From: PMG  Read Replies (1) | Respond to of 4583
 
no this is "buy because it's cheap" argumentation. US is loosing ground relative to other economies and has the biggest bubble. A soft landing is just a dream. There is a net outflow of $$$. It just cannot work. The only measure is to lower rates but even that won't help because the FED gives only A-class liquidity... it won't help the techs. But without the techies the real estate bubble is bursting, too. Then the banks. And finally CNBC < g >

love & kisses
PMG



To: GROUND ZERO™ who wrote (1067)11/30/2000 6:00:32 PM
From: Peace  Read Replies (1) | Respond to of 4583
 
Hi GZ,

We broke out of a steep declining 4 day channel on the NDX. At the very least we should get a good bounce. I would expect some pressure in the morning from margin calls which would also be a test of the breakout and then we go higher. With the weekend ahead there should be a good short covering rally later in the day.

Peace


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