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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: john722 who wrote (21556)	11/19/2001 11:36:58 AM
From: JRI	Read Replies (1) \| Respond to of 209892

I don't see 2500 simply because earning are going to suck, and interest rates are likely now heading higher (although we may get a retrace coming up)....all those Fed models are input unrealistic earnings and too low rates (last week's)...we are still way overvalued.. Corporate spending, which is the lynchpin of tech spending, is going to be abysmal next year...companies trying to get back to profitability...so I have a hard time seeing COMP do well..or better said, 2500... Johnson and Johnson? Well, the money has to go somewhere ng Lookee here...da bulls are saying now, "where's the launch?"...today's bull case straining credibility now.. Too many looking up this morn, IMO...Cramer declared new bull market too this morn....