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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (11336)12/7/2001 2:27:49 AM
From: 4rthofjuly007  Read Replies (1) | Respond to of 99280
 
What about insider buying?

Instead we have 401k lock downs prior to bankruptcies of previously "blue chip" companies.

I don't think comparisons are of any value. The recent rally is pricing the much anticipated recovery in the second half of next year. Just like the April/May rally priced in a recovery for this year that never came. If we recover, we can move up. If it does not look like we recover until 2003, we tank again.



To: bobby beara who wrote (11336)12/7/2001 6:21:39 AM
From: DlphcOracl  Read Replies (1) | Respond to of 99280
 
bobby beara: I'm not quite sure what you're sayin'.

With Nasdaq up 7% in past three days and bullish sentiment at a dangerously high level, do you still see Nasdaq moving higher without any sort of correction? If so, at what Nasdaq level do you think we get to before a correction? Even with massive liquidity and rate cuts, trees (and markets) do not go straight up.


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