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Technology Stocks : How high will Microsoft fly? -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (61977)10/22/2001 5:13:45 PM
From: Timetobuy  Respond to of 74651
 
The drillers are pricing in oil at 98 levels. Either the recession is going to get MUCH worse, which of course will be bode poorly for all stocks and make this nothing more than a bear market rally "headfake" or they are too low.

Can't figure out which. My guess is the recession will worsen and earnings will be ratcheted down again and many stocks will go down again and at least see their old lows if not worse.

Best case is a trading range for a while.