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

To: LTK007 who wrote (35440)3/1/2002 12:13:25 PM
From: t2  Read Replies (2) | Respond to of 99280
 
So you are not really changing your outlook on these good economic numbers are you?

I am not. I don't really buy that manufacturing index (NAPM or ISM). With such a strong dollar, looking for ISM to drop below 50 next month.

This market is going down...I mean the Nasdaq; undecided about the Dow and wonder if divergence can remain for a while. At best Dow might stay flat around the 9800 to 10000 levels...but the Nasdaq is a totally different story.

jmho



To: LTK007 who wrote (35440)3/1/2002 12:13:29 PM
From: sylvester80  Read Replies (4) | Respond to of 99280
 
One big difference. Not every stock is a bubble any more in terms of P/S. What matters now is P/S. And in terms of P/S we've come down from when we were at 5000 by more than a factor 10. And no, we are not going to the moon by any means, but as I said before there is support now on the downside as long as good economic news keep coming.


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