To: FR1 who wrote (66885 ) 1/15/2001 10:06:16 PM From: bobby beara Read Replies (2) | Respond to of 99985 >>>In common sense, the FED rules. The FED has stated that it is starting its rate cuts. Historically, this is the end of the bear market and the beginning of the bull. >>> when common sense becomes to common among markit participants it's better to consider using some abstract thought (that would be thinking like george clooney in horizontal stripes -g-) eeergoo the recent year in which the bullz all were riding the animal based on the guaranteed election year bounty, only to be tossed of like so many pretty boy urban cowboy's. i disagreed with another poster on this thread about his bullishness on wcom about a year ago, based on a gap down from it's top on a downward earning revision, the landscape in tech is littered with these now. the common belief is that we'll have a couple of quarters of weak gdp and the greenie miracle will send the economy up up and away again by the 2nd half, however given the recent past semiconductor cycles have lasted at least a year from top to trough and in this one i have never ever heard such extreme bullishness in july such as "the semiconductor cycle has been repealed, we have another two years to go, we are in the beginning of the game" all this bearishness said, i believe we probably did make a tech bottom recently, but i think this rally off the new year bottom, will be more like the rally off the aug 98 low, than the october 98 low, this bottom is nothing like 98, the nasdaq made a year and a half base going into the 98 bottom, this time we are coming off a parabolic top and we have no total capitulation bottom of all stocks like we had in 98. It's quite interesting to see all the talk on the morning an d evening news over the last weeks leading into jan 2nd about the bear market, when most nyse stocks have been in a bull market since march. madame zelda told me the bullish exuberance in the 2000 semiconductor cycle top beat the 97 top hands down and could take 50% longer peak to trough, that along with the fact that we had no inverted yield curve going in the 97 top, indicates that 2001 should be a recession year, and the markits haven't yet priced in this fact, because everybody is to polyanna after a half decade of over mean stock markit gains. brad & jennifer are doin a o k, but baldwin and basinger break[up indicates a soft markit on tuesday -g- dood b