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Strategies & Market Trends : Three Amigos Stock Thread

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To: Sandra who wrote (16153)	7/5/1999 1:09:00 PM
From: Sergio H	Read Replies (2) of 29382

Sandra and Jim, from CBS Market Watch: <The semiconductor group represents the absolute best leadership a market can have. Since many chip issues are considered growth stocks, their health, in addition to being incredibly bullish for the tech sector and overall U.S. economy, indicates interest rates are not worrisome.> <Indeed, the Philadelphia Semiconductor Index ($SOX) broke out five trading days ahead of June 16's friendly May CPI report and six days before Alan Greenspan's comments to the Joint Economic Committee. The market was saying interest rates wouldn't be a problem even as the 30-year Treasury yield ($TYX) was moving above 6 percent!!> cbs.marketwatch.com

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