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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (18062)	9/2/2003 9:16:06 PM
From: fedhead	Read Replies (1) \| Respond to of 57684

It is wrong to be bearish when you see leadership stocks like ERES, JCOM, NTES, CTSH, AMZN, URBN, KSWS, EASI, BBY, GILD, HILL, KYPH , ADTN from a cross section of sectors breaking out on volume and holding their breakouts. Sure the market might be overvalued and sentiment bullish but as we saw in 1999 some of the most powerful rallies occur in overvalued markets with bullish sentiment. The trick is to get out before the music stops. I think we are on our way to repeating bubble part deux. Anindo

To: Lizzie Tudor who wrote (18062)	9/3/2003 8:46:34 AM
From: Logain Ablar	Read Replies (1) \| Respond to of 57684

Lizzie: I'm just getting more and more cautious in this market. Hope I'm wrong but IMO risk has increased in this market environment. While I expect the economy to be booming next year I also expect a pretty good retrenchment in the markets. I just wonder what the trigger will be. Will it be higher energy prices this winter? Will it be higher interest rates? (both impacting the consumer and offsetting gov't. stimilus) Will it be a warning from IBM (this was the 87 trigger and they still are a bell weather for tech). Will it be a terrorist event? Will it be a natural CAT (Fabian a Category 4 looks to be missing the east coast)? It won't be valuations alone (i.e. intc @ 61 times next yrs. earnings) but a high valuation environment increases the risk.