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Strategies & Market Trends : Tech Stock Options -- Ignore unavailable to you. Want to Upgrade?

To: Trey McAtee who wrote (56575)	10/28/1998 1:32:00 PM
From: James Strauss	Read Replies (2) \| Respond to of 58727

Trey: It's good to have a healthy dose of skepticism about this market... You see too many smiling faces on Wall Street... I see too many people waiting for the next Bear Shoe to drop... I think a 45% drop in the price of an average stock ranks this Bear with other severe Bears... So, it's time for the Wall of Worry up move... The bad news around the world has already been discounted into the Dow 7400 bottom... The FED rate cuts have signaled that they will do whatever is necessary to prevent global market meltdowns... So far it seems to be working... In another 3 to 6 months the effects of these rate cuts will have a positive impact on corporate earnings... That, in turn, will support a move to new highs... Since the market looks forward, it's anticipating this now... Jim