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To: TimF who wrote (26912)5/4/2001 2:33:51 PM
From: Sonny McWilliams  Respond to of 27012
 
Tim. Well, yes, bleakest is in the eye of the beholder.

So far the ones banking on bleakest are in the majority today. gg. The markets could be going up on Fed rate cut hopes.

BTW. IMO bleakest should be here or let's hope it is here. After all, could the economy go down just as much again as it did up til now? Naw. Of course that does not mean that the market can't go down again. Markets always go up and down. But it's always a good idea to pick up stocks in good cos. that have been devastated. But, who has the nerve to do this when one always worries about lower prices. I am trying to get my nerve up.

Market internals look good so far. Let's hope it stays that way. That would be a big plus for the market to stay up there, especially over a weekend.

Todays market action is a surprise to market watchers. I heard that nobody expected an up market if the employment numbers came in lower than expected. That just shows you that nobody knows for sure what the market will do at any one time. I am not quite sure if this makes me feel better of having watched my portfolio value shrink. Sigh.

Sonny