Don't like saying that "R" word,but it appears that little nasty problem seems to become more apparent now than ever.With Gateway reporting a lack luster 2001 and corporate earnings are looking glimmer for next year and no sign of oil prices in dropping,the outlook does not seem good.Housing a big indicator is dropping and this year's Christmas shopping is falling behind last year.
There is plenty to be concerned about now....If any of you are in virtual stocks take a good look at them.The real buying opportunity companies are on the big exchanges,while tech stocks are going to get whacked and real hard.The end of the year tax writeoff is just fueling this slide as well as the margin calls.
Analysts are down grading chip stocks and that will have a dribble effect on almost everything they touch.
This is a very severe correction and if this level cannot be maintain and we continue with a further slide,make sure you have cash on the sidelines for your next entry into this very volatile market.
There is plenty to be concerned about now....If any of you are in virtual stocks take a good look at them.The real buying opportunity companies are on the big exchanges,while tech stocks are going to get whacked and real hard.The end of the year tax writeoff is just fueling this slide as well as the margin calls.
Analysts are down grading chip stocks and that will have a dribble effect on almost everything they touch.
This is a very severe correction and if this level cannot be maintain and we continue with a further slide,make sure you have cash on the sidelines for your next entry into this very volatile market.
