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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Captain Jack who wrote (16063)8/22/2001 7:24:36 AM
From: Lee Lichterman III  Read Replies (1) | Respond to of 52237
 
Only the history books will tell when it is all said and done. Even when the economy showed signs of slowing, stocks and the talking heads, perma bulls etc. kept trying to rally, claimed the new economy was immune to all normal economic forces etc. Heck even now with the market still over valued, everyone tries to justify the higher prices and ignore historical valuations.

When all is said and done, history may show that he cut too early. As AG said, investor sentiment is hard to understand. As I am typing this, AOL and a few others are announcing job cuts, earnings misses and SCMR guidance has just been lowered to 50% below expectations. Are futures down? Heck no! NAS futures are up over 25 points and S&P futures are up 8 and SCMR is up a point in Europe. Sometimes kind words don't work and little Johnny needs a slap upside the head to get the point across. -ggggg-

Good Luck,

Lee