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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (13827)	3/5/2004 12:46:14 PM
From: Rextar98	Read Replies (1) \| Respond to of 207038

Bear Leggs.......................... 03/05/2004 Dow Jones News Services (Copyright © 2004 Dow Jones & Company, Inc.) NEW YORK (Dow Jones)--The stock market is poised for a correction of 10% to 15% over the next several weeks, according to Richard Cripps, chief market strategist for Legg Mason. In an interview with CNBC on Friday, Cripps said the bond market is starting to price in a weaker economic outlook. That outlook is likely to convince some investors that a softening economic outlook will lead to less profits, causing the stock market to decline. Technology will lead the decline, and the correction should last six to seven weeks, he said. There are pockets of opportunities in companies that still have attractive valuations relative to where they have been over the past 12 months, Cripps said. He likes the wireless sector, citing Nextel Communications Inc. (NXTL) and Vodafone Group PLC (VOD). -By Roger Cheng, Dow Jones Newswires; 201-938-5393; roger.cheng@dowjones.com (END) Dow Jones Newswires 03-05-04 1102ET