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


To: Sharp_End_Of_Drill who wrote (18654)1/23/2003 2:17:08 PM
From: energyplay  Respond to of 23153
 
Sharp - I don't see a big crash right now, but maybe some nasty down days. Instead of the MOABO, I think we will see solid companies with good earnings at slightly lower prices, even after they report good earnings and rising sales.
I notice that Dow components are being hit- Today AT&T down about 20%, yesterday Eastman Kodak, a little before that McDonald's and Alcoa.

Looks like Europeans may be moving some money out of S&P 500 stocks, but where it's going I don't know - maybe into Euro bonds, anticipating a rate cut by the ECB.

I may start to change my mind on the no big crash idea however.



To: Sharp_End_Of_Drill who wrote (18654)1/23/2003 5:40:18 PM
From: chowder  Respond to of 23153
 
>>> If this plays out there will be some great deals for those who have preserved capital. >>>

That's what I'm hoping. I'm sitting mostly in cash for now. I don't mind missing opportunities as much as I miss capital. If one is to be wrong, I'd rather be wrong about a stock taking off without me as opposed as a stock taking it down with me.

dabum