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Strategies & Market Trends : Stock Attack II - A Complete Analysis
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To: isopatch who wrote (9933)6/22/2001 11:36:42 AM
From: Paul Shread  Read Replies (1) of 52237
 
Awesome call, Iso. My brokerage account thanks you. ;-) Sounds like the spinoff is worth adding to?

This should cap the market until Wednesday afternoon:

11:03 ET Fed: 25 or 50 bp : Beginning to see some profit taking in the financial stocks. Hearing that some holders exiting positions after major firm issues report suggesting that yesterday's stronger economic data tilts odds slightly in favor of a 25 bp rate cut by the Fed next week, vs the 50 bp move the market had been counting on (though Goldman went the other way this morning, and is now expecting 50 bp).

I can't see where the economy is anywhere near recovering, BWDIK.
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