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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: kodiak_bull who wrote (15451)7/23/2002 1:33:40 PM
From: kollmhn  Read Replies (1) | Respond to of 23153
 
I'm watching the DJ and, to the casual observer, the market's even on the day. S&P down 2%
Looking at various sectors tells a far different story.

IPPs have imploded. XNG another whack. Telecom- 7 of the 20 names I monitor now have handles of $2 or less. OSX in the tank, financials in the tank, etc. Even the XAU is down 12%.

I've got a lot of cash but, no balls to part with it.

It stops north of 7550? I wonder. That could happen while you go out for lunch.



To: kodiak_bull who wrote (15451)7/23/2002 2:00:50 PM
From: jim_p  Read Replies (1) | Respond to of 23153
 
VIX now at 52.48???

Higher that 9/11!!

Banks getting killed today says a lot about where we are.

Jim



To: kodiak_bull who wrote (15451)7/23/2002 2:04:49 PM
From: The Ox  Read Replies (2) | Respond to of 23153
 
If I were a betting man, I would say that the Dow stops out well below 7000 and probably more in the 6400-6600 range before any substantial reversal is seen. Could we have a few mini rallies? Sure but I think that we'll head farther south over the summer.

It won't break my heart if I'm wrong, that's for sure!!


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