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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Frederick Langford who wrote (33882)	8/31/2001 1:15:12 PM
From: besttrader	Respond to of 37746

All the bottomfeeders will get their chance when this year and next, all prices will be 90% cheaper from here. Financial Armageddon is near. Just wait until the housing prices start falling and unemployment continues to rise and the consumer stops spending. THEN you will see some R E A L L Y cheap stock prices!!! Until we see better economic news here and globally, then stock investors will continue to have their head under a guiotine, ready to be chopped off!

To: Frederick Langford who wrote (33882)	8/31/2001 1:43:44 PM
From: stevenallen	Read Replies (2) \| Respond to of 37746

You might be right about a move up before Labor Day - I can't recall but I'm sure it wasn't huge, especially if you compare it to what happened after - QQQs go from 100 at beginning of Sept. to mid 30s in April, with hardly any counter-trend rallies inbetween. 65% loss = lots of pain for people who bought the pump job. I'm not saying we'll sell off to the same to degree, but I think the market is overvalued at present levels and has further to fall - Might be sooner or might be later, but sticking your neck out long for anything more than a quick bounce right now seems quite risky. Besides, shorting is so much fun these days <LOL>