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Non-Tech : Raptor's Den -- Ignore unavailable to you. Want to Upgrade?

To: rogermci® who wrote (5337)	11/6/2002 3:13:38 PM
From: Abner Hosmer	Read Replies (1) \| Respond to of 10157

This is an admission by the Fed that the economy is not making the transition back to growth and increases in spending and investment. There is an 80% correlation in the Greenspan years between the Fed funds rate and earnings growth. Things ain't gonna turn around here until we see some massive consolidation. Any rally here is a sucker rally.

To: rogermci® who wrote (5337)	11/6/2002 3:14:14 PM
From: velociraptor_	Read Replies (1) \| Respond to of 10157

Right here in perspective to being some 20 days and 1500 points out of the low. Sure, but you can wait until tomorrow. I wouldn't wait too long though. I don't see the shorts getting steamrolled here. There has yet to be a 20% pullback on the entire run. I think any shorts that are going to be squeezed out have already been squeezed out. By the way, let's add another 50 million shares traded in MSFT at the exhaustion gap high which has gone nowhere. That's 140 million shares worth of buying. I think I have a pretty good idea who is going to be trapped.