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

To: The Vet who wrote (8318)	6/19/2002 9:15:19 AM
From: Dave Gore	Read Replies (1) \| Respond to of 16631

Vet, not in a vacuum. Last night I speculated that overseas markets were weak and that was at least partly responsible. Or the weaker dollar. Of course, this morning the media here is blaming weak reports by CIEN, AMAT, and others. Of course the media also has to invent reasons and they left off stronger than expected reports by JBL. The real reason may be the "7% solution". Anybody know what that means? I hope not, because it means you were watching as much CMBC as I was yesterday. <SG - sarcastic grin> Anyway, Art Cashin pointed out that the last rally we had petered out after a 7% rise and he was hoping the current one would not peter out after... you guessed it, a 7% rise. More seriously though, it's the unexpected weakness in the PC business. Unexpected weak news carries more weight than expected bad news. Anyway, as usual Vet, good info nonetheless. And good reminder.