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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: John Trader who wrote (46339)	5/7/2001 8:30:19 AM
From: michael97123	Respond to of 70976

FWIW, Briefing.com is bullish here. Here are a few words from their tech stock report tonight: ..."Market now sees that turn taking place in Q4... For this rally to loose steam, traders will have to be convinced that the recovery is further down the road - much further... We aren't likely to get a good sense of that until Q2 warnings season, which remains several weeks off... In the meantime, traders looking at the powerful tape, and at the prospect of another 50 to 100 basis points in rate cuts, and they want in... And the higher the market climbs, the more sidelined investors will feel the need to get in themselves and the more shorts will be squeezed... That's how momentum builds, and it is building - ugly economy or not.".. What concerns me is that the recovery might turn out NOT to be robust and that would send the markets lower later on. That fits in with the 3943 thing as one final peak in the market and I guess with his prediction of dow 14k that blowoff will be even more harmful that the one we just went thru. The Briefing article above gives the reason why we might get an irrational rally that takes us higher than anyone now imagines.