Stockscom Special Report for Wednesday, December 5, 2000

Cover all short positions

New buy list coming as soon as we can put it together. It will almost
certainly include Texas Instruments and United Technology but no oils and
not much high tech. This is a sea change and market leadership for the next
advance will likely not be the same as before.

Alan Greenspan said today that he saw "a need to be alert to the possibility
of excessive softening in consumer and business spending." That means he is
prepared to reliquify yet again as he did when earlier cleansing of
financial markets loomed. The result should be lower interest rates, and
easy money which will flow into stocks regardless of the fact that they are
still high by historic standards, even after the declines during 2000.

In addition to Greenspan's speech today, the collpase in oil prices that we
foresaw last week followed through and it looks as if it has some way to go.
Curiously, there was good strength in some oil stocks today but we
definitely do not rate it worth buying into those stocks when oil is falling
hard.

xxx