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To: pater tenebrarum who wrote (50367)	12/21/2000 12:51:50 PM
From: AllansAlias	Respond to of 436258

Well said. A good post worth reading carefully imho.

To: pater tenebrarum who wrote (50367)	12/21/2000 3:03:46 PM
From: Les H	Read Replies (1) \| Respond to of 436258

Wouldn't surprise me now that Merrill has pre-warned for IBM that IBM will come out next week with a warning. The most interesting thing to me is that the revisions to the fundamentals for the semiconductor industry presume a growing Japanese economy per Soundview. There would be more revisions to come after January reports. Should've dug out the Builders survey I saw yesterday that housing is about to roll over. Only one region was up in the latest report. Not sure what cycles bottom in late January but also wouldn't surprise me to see stocks rally into the late January Fed meeting on a 50 bps hike hope this time and another bounce on bad news rope-a-dope rally. IBM is ripe for such a rope-a-dope now that the warnings has been pre-warned.