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To: Shack who wrote (5213)	6/17/2001 7:57:45 PM
From: The Freep	Read Replies (1) \| Respond to of 209892

Good points all, Shack. You're certainly right that if fundamentals mattered (in terms of, say, going to historical PE ratios), we could be lower right now. As for the rally in April, no I don't know what caused it. But unlike current conditions, we were in a much longer downtrend at the time. Much more brutal than right now. The VIX was high. Etc. Etc. I really don't know what's gonna happen. For all I know, Oracle will dazzle on Monday after the close, and we'll get your C right now. Or they'll say that Europe is soft, and we'll go down and THEN start you C when Fed anticipation starts. Or something else entirely. We've also got a Book to Bill coming up on the 21st. The question: was May better than February? If not, the book to bill will fall below .42, and that'll be uglier still (or maybe viewed as the bottom). I just dunno. the freep

To: Shack who wrote (5213)	6/17/2001 9:24:46 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

When I read this sort of thing (below) I smell a nice rally. Best guess is another before Wed noon, probably earlier, then a nice rally into week's end. Rallying right from Monday would be too easy. There are too many people looking for it. More Warnings to Mar Mood NEW YORK (Reuters) - Wall Street is in for more pummeling this week with no relief in sight from the steady drone of corporate profit warnings and signs the U.S. economy is sputtering. The Nasdaq market had its worst week of the year last week as a barrage of companies announced they were still feeling the pinch from the economic downturn, raising fears it may take even longer than expected to turn profits around, and analysts say there is probably more to come. dailynews.yahoo.com