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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: KevinMark who wrote (65194)	12/25/2000 12:16:25 AM
From: DlphcOracl	Read Replies (2) \| Respond to of 99985

KevinMark: I agree with your scenario for the techs and feel that tech stocks will not truly regain their footing until November 2001. There is simply too much technical damage (not to mention another one or two quarters of disappointing earnings) for the tech stocks to work through. One disagreement I have is your statement that "the financials and lower oil prices will cause the Dow to cave in at some point". If the Fed and Greenspan began the first of several (3? 4?) interest rate cuts in January, shouldn't the financial stocks rally in this setting, particularly those banks and brokerages with less exposure to bad credit losses? I have always thought it was a knee-jerk reaction to begin loading up on financials after the Fed makes the first of its rate cuts? If you disagree, what am I missing here?