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To: JRI who wrote (26676)	1/4/2002 10:10:56 AM
From: Justa Werkenstiff	Respond to of 209892

JRI: RE: "What I think we are seeing in the economy....are the first indications of the weak recovery we are going to get." I see it as a post 9/11 bounce.

To: JRI who wrote (26676)	1/4/2002 10:18:13 AM
From: Justa Werkenstiff	Respond to of 209892

JRI: RE: ""...2400-2500 possible?" I cannot entertain a Nasdaq possibility without a SPX target. Otherwise, the argument becomes about reinflating the Nasdaq bubble. The SPX diverged with the Nasdaq in the bubble days of early 2000 where it underperformed and actually declined for a bit due to page view valuations in the Naz. Hard to imagine that happening again so soon.

To: JRI who wrote (26676)	1/4/2002 10:27:41 AM
From: bcrafty	Respond to of 209892

JRI, even Don Hays sees a consolidation coming "Since late September, Hays has continued to push the 'new bull market' theory and maintained the aggressive recommended equity weightings he adopted on Sept. 26. Today, however, he inserted a bit of caution into what has been fairly ebullient commentary. 'I still lean to the belief that the market will have one more very nice rally in the next few weeks, blasting even the large-cap indices above the 200-day resistance [levels] ,' Hays wrote. But that will precede 'a five-to-seven month sideways consolidation' as the averages wait for the fundamentals to catch up." thestreet.com