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To: Think4Yourself who wrote (83581)	1/5/2001 3:59:09 PM
From: ItsAllCyclical	Read Replies (2) \| Respond to of 95453

Has the Fed ever cut 100 basis points within a month? Seems highly unlikely. Techs aren't suffering from a slowing economy so much as bloated valuations. There are a few techs I'd like to own, but can't get myself to pull the trigger. I still expect that even the companies that meet this Q's estimates will warn about slowing future growth. Very often companies don't pre-release this info if they intend upon meeting estimates. I'm also worried about the natural gas situation spreading nationwide come Feb. You also have to consider all the debt and credit issues which Slider has pointed out several times. If there is going to be a bias during the upcoming earning's season it'll be to the downside. Can't see the market breaking out to the upside when any given night could bring another round of bad news. Perhaps the hardest thing to do is to sit on cash on not use it, but given all the ST uncertainty it seems to be the most prudent thing.