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To: Ibexx who wrote (124219)	1/5/2001 4:54:01 AM
From: Joseph Pareti	Respond to of 186894

i was struck by a comment made by someone at CNBC that " the best case scenario would call for a 40% rally for the NAZ, probably in the coming three months (if the same happens as in the past, following FED rate cuts)" 40% ??? this sounds like a joke --- i would start to break even at that point, and i surely don't own either dot-coms or e-crap. This basically means no show for most of 2001. To compound the score someone else added that q3 will be when the slow down would become most evident. for me the translation, as boring as it can be, means "take the profits on the low tranche within these 3 months and hope to buy back in fall". Any better idea? PS I don't do futures of any kind. Prohibition placed upon me by a severe spouse.