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To: oldirtybastard who wrote (71153)2/23/2001 4:09:11 PM
From: Tassi  Read Replies (2) | Respond to of 436258
 
3:30PM Dow -141, Nasdaq -28, S&P 17.77: The markets are continuing to rally on word that John Ryding at Bear Stearns puts the chances for a Fed rate cut next week at 60%. A Fed cut is what the market is looking for, and the mere prospect of such next week is attracting buy interest late in the day. Breadth on both the Big Board and the Nasdaq, while still weak, has improved substantially since talk of a near term rate cut surfaced. The Nasdaq continues to trade over 2200 with the Dow over 10,350. The question at these levels is whether the indices will follow through into the final half hour. NYSE Adv/Dec 1033/2015, Nasdaq Adv/Dec 1265/2472



To: oldirtybastard who wrote (71153)2/23/2001 4:13:13 PM
From: Andrew G.  Read Replies (1) | Respond to of 436258
 
No, more like jaded. Who's joking when we ran to the close with no apparent profit taking. We have some serious speculation going on here for people to be holding over the weekend ?

There had better be a continuation of the 'prediction'-based rally today or else some serious sh*t is going to fly in the face of those highly profiled prognosticators.

Can't we all be glad now that the worst is now over thanks to the predicted rate cut ?

All problems are gone and we can buy these tech bubbles again as the spike their way past resistance ?

Have a good weekend folks. I won't be thinking about Monday until Monday.