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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: JOHN W. who wrote (45858)	10/11/2001 6:04:22 PM
From: shoreco	Respond to of 100058

JW..You're right this reminds me of the fall/winter of 1999, when stocks go up 35% in AH's. I admit we were way oversold and everyones 401k looked more like a 201k. But these gains can't be sustained. I'm almost a believer that the bottom has been put in, but we need to produce smooth, steady and growing earnings. The Fed is trying it's hardest to prevent us from feeling this crash, they are stealing from Peter to pay Paul. If we can avoid more layoffs over the next 6 months then we can say the bottom is in. I'm on your side, even though I went short overnight. We will gap up in the morning, but I believe some profit taking will come into play before the weekend... All this is JMO...... EOM Shoreco PS Maybe now I'll start to open my Prudential statements..LOL