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To: craig crawford who wrote (113340)12/22/2000 8:33:06 PM
From: GST  Read Replies (2) | Respond to of 164684
 
craig: i find myself in agreement with many of your points. The flies in the ointment are:

1. Too much of a move up all at once inviting profit taking.
2. An economy that might force companies to repeatedly warn -- saturating the airwaves with bad news that will have an impact once people realize that growth stocks without growth are going to be in trouble.
3. Mutual fund selling when folks get their statements and realize they have both tax liabilities AND capital losses.

Having said all that, your points and the prospect of a Fed rate cut could give us enough of a rally to make some money. Thanks for your input and enthusiasm. Good luck.



To: craig crawford who wrote (113340)12/22/2000 11:05:15 PM
From: Victor Lazlo  Respond to of 164684
 
craig i wish i could muster your jovial confidence.
We will see a lot more earnings warnings in January. Earnings are slowing dramatically across the board, save for a few specific sectors. And earnings are what drive the market.

regards,
Victor



To: craig crawford who wrote (113340)12/22/2000 11:08:48 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
<<2) Only 4 more days of window dressing. >>

yup, time to build up more cash- the more cash a fund has these days, the smarter the fund manager will look!