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

To: McNabb Brothers who wrote (26145)	12/19/2000 10:24:56 PM
From: jcky	Respond to of 65232

McNabb Brothers, You're too late to the punch. Abbey Joseph Cohen has been preaching the S&P 500 index is fifteen percent undervalued garbage for quite some time. Ms. Cohen also thought Nasdaq 3000 was "the bottom". At least she has enough discretion to shut her mouth now (similar to when Ralph Acampora realized the market was using his TA calls as a contrarian indicator). But then, she's no more than a marketing tool for her brokerage firm: Goldman Sachs. Even Joe Battapaglia doesn't believe Nasdaq 5000 is around the corner anymore. lol Regards,

To: McNabb Brothers who wrote (26145)	12/19/2000 10:45:59 PM
From: Boplicity	Respond to of 65232

yes they killed the high-tech market, or maybe the high-tech industry innovated itself into a lull. Greg

To: McNabb Brothers who wrote (26145)	12/20/2000 12:11:40 AM
From: SecularBull	Read Replies (1) \| Respond to of 65232

The positive aspect is that if you believe that Greenspan & Co. have any snap, then today's move is really a win-win. It shows, if they really know what they're doing, that their tapping on the brakes has provided a soft landing. In the end, I think that the Market would really have had a manic-depressive reaction to a cut today, since a cut (without any prior warning) would've indicated that they had overdone it with the hikes. LoF