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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (49764)12/26/2000 9:12:11 AM
From: Skeet Shipman  Read Replies (1) | Respond to of 94695
 
Yardeni's opinion:
The year-over-year comparisons will start to look better after March or April.

``We may have to grin and bear a volatile market early in the New Year but it should do better by the spring as people look to better earnings growth by the end of 2001,''

Bill,

As far as now, we are in the Catch 22 Market Fed Interest Rate Cut situation. This can last for months or even quarters. During this period economic bad news is good news, and the reverse. This will limit the upside (and downside) potential of the markets.

I am not anticipating much reverse cash flow from last week into the market. Taxes used up a large percent of those outflows as indicated from the drop in money market accounts from Cash Tract:

Short sellers covering last Thursday Friday helped propel individual issues. At this stage the rally does not look like a sustainable rally.

Skeet