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To: American Spirit who wrote (44246)	12/28/2000 7:20:47 AM
From: carepedeum2000	Respond to of 57584

what would happen if naz goes positive thursday, and friday, which would be the first time since september we had 3 days in a row on the upside? with a close over 2640 to keep it from being the worst year ever? with increasing talk of early fed move sparked by big uptick in unemployment numbers on friday? forcing fund managers with money to get in the game? this scenario could very well happen (although not guaranteed) but i think there is a very, very good chance we get our 3 day upmove on the naz to end the year and that will get a lot of technical attention futures are saying we get a gap down this morning, and i think you can buy the dips (through friday anyway) should be fun next two days (at a minumum) lets see

To: American Spirit who wrote (44246)	12/29/2000 12:32:23 AM
From: Brandon	Respond to of 57584

The market is a discounting machine. Everything you mentioned is already priced into it in so much as the market thinks it will occur. The downtrend will end when it ends, then we will have an uptrend or a sideways trend (more likely) which will at some point end. Other to consider is that aside from tech the great bull was not much of a bull...most stocks didnt do that well. Tech stocks still have pretty crazy valuations that may or may not need to be worked out..but we do have a keynsian (sp?) economic system which will cycle. We are due for a down cycle and I doubt any one truely thinks something like..say JNPR is worth a PE of 498, or NTAP with 299, or BRCD with a 319. This list can go on and on. When things are peachy cream a PE doesnt mean much of anything..but when things slow down it matters. Brandon