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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: DlphcOracl who wrote (14560)4/3/2001 5:59:15 PM
From: velociraptor_  Read Replies (1) | Respond to of 37746
 
Definitely. At this point, the Naz stocks are still going to bleed simply due to the rubberband effect. They got so out of whack to the up side that the snapback effect should literally decimate many of them even below where they should be reasonably valued.

The DOW and S&P stocks however, have not felt the same lashing, because they were considered "safe haven" stocks. For almost 2 years the DOW went nowhere, as pounded tech money left the Naz and went to the DOW, Now it has nowhere else to go. Yes, these stocks have the most downside risk at this point.



To: DlphcOracl who wrote (14560)4/3/2001 5:59:41 PM
From: DaiTN  Respond to of 37746
 
CNBC just showed a picture of a 50% sale sign in one of a boutique on Rodeo Drive in LA. At the rate the market is going, we might see these stores set up tables for a side walk sale, and K-Mart will move in to compete for business :)))