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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?

To: Valley Girl who wrote (54618)	12/20/2000 5:21:05 PM
From: johnd	Respond to of 74651

OIL at 8-month low; End of market misery near? = LONDON, Dec. 20 - Oil traded at eight-month lows on Wednesday as a build in global inventories sent prices plummeting. ON THE NEW YORK MERCANTILE EXCHANGE, February U.S. light crude futures were down 59 cents to $27.37 a barrel. London Brent futures for February slipped 24 cents to $24.70 a barrel after losing $1.24 on Tuesday. Oil's slump has knocked $10 from the value of a barrel since mid-October's 10-year peak of $35 for Brent. Speculators have fled the market

To: Valley Girl who wrote (54618)	12/20/2000 5:22:20 PM
From: Dave	Read Replies (1) \| Respond to of 74651

I sure hope that's the real bottom - the perma-bears keep tossing around numbers like 1500 (or lower). Hey we're not perma-bears; it only seems that way during a prolonged bubbly bull market. The Nasdaq composite has started to see some damage--in my opinion 1500-2000 is about fair value, but markets always overshoot either extreme so I wouldn't be shocked by a three-digit Nasdaq low--but the Dow and S&P have yet to feel any substantial pain. Until they do, I'll remain bearish. After that though, I'm going to dig around in my attic and find my bull uniform, and Get Long. Then people here (if they're still here) will probably label me a perma-bull. Dave