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To: ild who wrote (115701)8/6/2001 10:47:22 AM
From: patron_anejo_por_favor  Respond to of 436258
 
<<While I'm not going out on a limb to predict a crash Tuesday, the way productivity is measured makes it very likely that the data will disappoint, with last quarter's number likely to be revised downward. More defensive sectors, such as drugs, are apt to outperform in the very near term, and that's where traders should focus. Investors should continue to sit chilly, as a significant rally is unlikely until third-quarter earnings season begins in October. Keep enough chips off the table to take advantage of better levels, and fade the folks who are wearing rose-colored glasses in the heat of summer.>>

LOL! Bill must've read that Dresdner strategist's call from last week (for a crash on Tuesday)...then read this post:

Message 16162986

All in all, another very solid take from Bill. Wish there were more around the Street like him.<NG>