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To: marginmike who wrote (59594)1/19/2001 1:25:29 AM
From: Uncle Frank  Respond to of 436258
 
>> A slow rebuilding period should be what bulls want.

Isn't that what we've been seeing since the fed reduced rates on 1/3? The market adjusted to the unexpected 50 basis point move, and the Nasdaq comp ended the day at 2616.69 . Ten market days later and the compx is at 2768.49, a 5.8% change. Not exactly a lightening move for an index that stands almost 50% off its ttm high.

uf



To: marginmike who wrote (59594)1/19/2001 1:25:31 AM
From: Uncle Frank  Respond to of 436258
 
>> A slow rebuilding period should be what bulls want.

Isn't that what we've been seeing since the fed reduced rates on 1/3? The market adjusted to the unexpected 50 basis point move, and the Nasdaq comp ended the day at 2616.69 . Ten market days later and the compx is at 2768.49, a 5.8% change. Not exactly a lightening move for an index that stands almost 50% off its ttm high.

uf


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