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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: Smart_Money who wrote (1702)	1/29/2002 1:24:28 PM
From: Dave Gore	Read Replies (3) \| Respond to of 16631

MARKET ACTION - Why is the Market Weak and Is It For Real? My logic tells me this - If the Market is finally realizing that we have over-valuation (in the Naz especially) and that the improving economy will not provide enough of an earnings boost to remove the over-valuation, then I can buy that we could go down. However, if is down PRIMARILY because of accounting concerns or the Fed Action tomorrow or particularly Bush's speech tonight, then this is just another down day that will be followed by an up day or two, then another down day or two, etc. and etc. In other words a continuation of the pattern that we have seen the last couple months.