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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?


To: jim_p who wrote (8311)9/20/2001 3:19:56 PM
From: ItsAllCyclical  Respond to of 23153
 
I think before the Nasdaq correction is over you'll not only get 27, but probably 24-25 on AMAT. Q4 christmas spending will be AWFUL. Not to mention that foriegners will be steadily pulling out of our markets due the collapsing US dollar.

I think we're oversold here and Greenie may surprise us with yet another 50 basis pt cut, but...I think things could get much worse yet.

The only reason I'm inclined to buy is for a bounce and the Nasdaq is pretty close to some pretty solid support at the 1300 level and the SOX is near 400 which is pretty good support.