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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Condor who wrote (45501)	1/13/2001 5:29:49 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

Condor: Aside from the historically correct pattern of tech stocks underperforming from April through October, I believe this will be accentuated this year. We have yet to see the full effects of the last two Fed interest rate hikes and the economy will continue to slow over the next six months. Tech earnings will be dismal and many tech stocks still have room to fall significantly. The aggressive series of Fed rate cuts that everyone (including myself) anticipates will not begin to take hold until this Fall. You can hold your tech stocks over the summer if you want, but I think there will be little profit to be had there. I want the cash on hand to buy the tech stocks when they are at or near their bottom AND: (1) the economy will begin to reflect the increased liquidity and Fed rate cuts; (2) these same tech stocks will have easy earnings comparisons going into 2002. Sometimes the obvious is obvious for a reason.