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To: AllansAlias who wrote (48347)12/15/2000 4:41:28 PM
From: Lucretius  Respond to of 436258
 
yep, we shall see... odds are the bears will be on the receiving end of realman ... AS USUAL....



To: AllansAlias who wrote (48347)12/15/2000 6:45:51 PM
From: XBrit  Respond to of 436258
 
<<I will give you better odds than for past Mondays.>>

I am having trouble thinking of a single positive prospect that could lift this market over the next 2 weeks. Oil and gas prices going up again, dollar going down, ongoing tax selling, profit warnings as far as the eye can see, Fed will not cut on Tues, inflation still rising, Jan CPI report will certainly be even worse because of NatGas prices... so Fed cut in Jan is very unlikely also... Nasdaq PE still over 100..

I just can't think of any reason that the Nasdaq will not keep going down. And if everybody else feels the same way, then they may all decide to sell early and get it over with. That's how slides accelerate I think.