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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Connor26 who wrote (3127)	1/26/2001 10:39:30 AM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 6445

C26 -- JDSU: That was a pretty impressive move in JDSU, CIEN, and the other fibers soon after you posted. That showed a lot of resilience in the market, because those reports last night from PMCS and JDSU should've scared the %@$#*$ out of the market. I don't know about another big rally late in the day, but it looks like we can still buy dips. I'm hoping for some additional downward pressure around the Fed to re-load and get more intermediate-term runs. Greenspan couldn't have been clearer. He's on our side. All that talk about maintaining confidence: he's really not even worried about the economic data -- he has written it off as an inventory correction. So his task is to help maintain consumer confidence and avoid the Japan syndrome. That's great! The economy is fundamentally okay, inflation remains tame, and Greenspan has just said that his job is to help America keep the faith.