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To: Sarmad Y. Hermiz who wrote (6776)11/7/2002 9:11:49 AM
From: Donald Wennerstrom  Read Replies (2) | Respond to of 95611
 
Sarmad,

>> We might see some market pullback here in the very near future.

I think the near future is here.<g> I'm looking at the NASDAQ futures down 25 this morning. Let's see what the day brings.

Don



To: Sarmad Y. Hermiz who wrote (6776)11/7/2002 9:12:36 AM
From: Sarmad Y. Hermiz  Respond to of 95611
 
I think the market today is dropping because it is tired. But this report should cushion the drop.

Jobless Claims Fall in Latest Week

story.news.yahoo.com

"The Labor Department (news - web sites) said initial jobless claims fell by 20,000 to a seasonally adjusted 390,000 for the week ended Nov. 2, but the four-week moving average edged up to 402,000."



To: Sarmad Y. Hermiz who wrote (6776)11/7/2002 10:00:35 AM
From: Pink Minion  Read Replies (1) | Respond to of 95611
 
>> Don, The bears are overlooking the fact of better economic numbers since the October bottom

Must be why the Fed blew its entire wad with it's rate cut. Those economic numbers were so great.

WAKE UP

At least say the market is looking 6-9 months out for a recovery. Can't argue with that. Or my favorite "Don't fight the Fed".