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


To: Dalin who wrote (25261)12/15/2000 10:09:47 AM
From: Jim Willie CB  Respond to of 65232
 
pick up your prozac from Nurse Cratchett at the door

delusional scenario some actually believe:
- the Fed cuts 50 bpt on Tuesday
- year end rally takes Naz to 3200
- the Fed cuts another 50 bpts on Jan30th
- analysts upgrade all techs, claiming worst built in
- Naz runs to 4500 by midsummer
- recession is nowhere to be seen
- nobody gets laid off

and lastly...
everyone's account is restored to March99 levels

yeah, right
today is not so much about MSFT exclamation point on PC sector slowing
it is about the cross spectrum of warnings
INCLUDING THE CONSUMER STOCKS !!!

I see 75% retracement in SDLI for recent upleg
/ jim, flying over the cuckoo's nest