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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Nandu who wrote (12811)3/6/2001 1:55:02 PM
From: Skeeter Bug  Read Replies (1) | Respond to of 42834
 
nandu, mark my words. if the naz falls 30% then cramer will say he's bearish. if the naz goes up 30% then he'll say he's bullish. the guy is all over the map and usually waaaaaaaay late with his predictions of the past ;-)

not a knock on you. cramer is just wishy/washy and, more often than not, he calls yesterday's news.



To: Nandu who wrote (12811)3/6/2001 2:36:57 PM
From: sea_biscuit  Respond to of 42834
 
I think tech is going to about 15% of the S&P. It is already down to 19%, so that is not far to fall.

How? If you think that the S&P could decline by another 10%, and tech becomes 15% of that, we are looking at a decline from 19 to 13.5, i.e. about 29%. That would mean a Nasdaq of 1400 to 1500. That is quite some ways from where we are right now.


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