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To: QwikSand who wrote (41692)2/28/2001 6:11:07 PM
From: Charles Tutt  Respond to of 64865
 
I might agree with you if stock prices moved in lock step with fundamentals, but sentiment is a big factor, so volatility-induced perturbations can be magnified by positive feedback.

A huge fundamental change since WWII is the move to JIT everything. WIP inventory should be flushed a lot quicker now.

JMHO.

Charles Tutt (TM)