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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: cog who wrote (35541)	12/1/2000 12:28:18 PM
From: Logain Ablar	Read Replies (2) \| Respond to of 50167

cog: IMO its still too early to get into the LTB&H mode. We can bounce here (a day, week or even into January) but if this plays out in true bear market fashion we can see the NAZ drop another 50+% next year as people realize we're heading into a recession. A lot of resistance @ the 2,500 level but I still expect lower numbers. Scary isn't it but remember people are still treating this as 94 and if you go back to 73 / 74 we had 35% losses both years in the naz. The rule of thumb is to start legging back in @ the second rate cut. Right now they might just be thinking of going to neutral. Since we've had such an excess it might even be wise to wait till the 3rd rate cut. good luck. Tim