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To: craig crawford who wrote (113258)12/21/2000 10:08:28 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
<<You think with all the shorts and tax loss sellers out there, a cut by the Fed wouldnt tack on about 400-500 points on the Nasdaq real quick? >>

No I don't. Like i posted a few times back in August, this market has really lost its appetite for risk-taking. And now with these dismal earnings fundamentals we are looking at, that kind of a nasdaq rise would require big risk-taking by investors. The market's gullibility for story stocks and "visionary" personalities is largely gone, imo.

<<I think we can have a strong rally--it probably just won't be a lasting rally and it will back and fill many times as it works it's way higher.>>

Why? I would not expect any rally of note before April or May.

Victor