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To: Crimson Ghost who wrote (92719)7/24/2001 6:01:28 PM
From: Tommaso  Read Replies (2) | Respond to of 95453
 
How about 8,000?

A classic 40% bear market implies a Dow at about 6600.

Greenspan's monetary flood is keeping a lot of boats off the reef, but it can't go on forever. And at some point the United States's chief export, namely $100 bills, may seem less attractive.

A journey through the Himalayas makes the Appalachians seem like foothills. Similarly, current valuations on the Dow seem low compare to last year's NASDAQ.

I think 10,000 will just be the jumping off point for much lower prices.



To: Crimson Ghost who wrote (92719)7/24/2001 6:09:11 PM
From: t4texas  Read Replies (2) | Respond to of 95453
 
kernen's cnbc comment on new bear

joe kernen (conversing with ted david) on cnbc said the upturn in the djia in the final hour coincided with a famous market analyst turning bearish today. they would not mention a name, but ted david (seemingly trying to guess who it was) said it was someone that follows charts. i wonder if someone on the board can let us know who the newly bearish analyst is?


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