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To: limtex who wrote (91044)	1/2/2001 2:04:52 PM
From: marginmike	Read Replies (1) \| Respond to of 152472

When Morons stop saying what a great deal a stock with a 40PE is which is growing 20% and the economy is droping, is when we will be done. When you tell someone your buying A tech stock and they say your mad, it will be done. When the dow, and BKX finally break down and people realize that if the consumer gets whacked so does everything else. I still think we will have a good bear rally this year, but the bottom wont be in until the end of this year at best. Naz 1800/dow 8500

To: limtex who wrote (91044)	1/2/2001 2:08:03 PM
From: carranza2	Read Replies (1) \| Respond to of 152472

It seems that today's activity is driven by the purchasing managers' report, a good indicator of a slowing economy. But we already knew that, so the latest confirmation by way of a lousy market day is somewhat strange. I should have thought that all this was already priced in. Perhaps irrational pessimism is the order of the day. The January interest rate cut, if a healthy one (50 basis points, or better), should get things moving up again. In the meantime, it seems like there are a lot of good buying opportunities, if anyone still has any cash left.