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To: Roger A. Babb who wrote (4897)1/3/2001 2:48:03 PM
From: McNabb Brothers  Read Replies (1) | Respond to of 19633
 
Roger,

I would not fight the Fed too much going forward! Remember the correction started way back in March and it looks to me that most of the stocks have been rung out! Also short interest at an all time high tells me to watch out for short squeezes!

Hank



To: Roger A. Babb who wrote (4897)1/3/2001 3:41:01 PM
From: Kevin Podsiadlik  Read Replies (1) | Respond to of 19633
 
It's hard to imagine there not being more rate cuts coming down the pike and soon, given the "emergency" nature of this one. This may or may not bode well for the economy as a whole or tech specifically, but the financials are and will continue to eat this up with a spoon IMO. (Oh all right, I palmed that opinion off of Cramer, so sue me.)

WM is unaccountably down today; just a glance looks like a determined seller. I decided to help oblige him.