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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote ()7/18/1999 11:58:00 AM
From: Logain Ablar  Read Replies (1) of 50167
 
Hi Ike:

There is a lot of worry that I'm hearing.
1) AG with the Hawkins testimony. He's always informative but its too early to see if there would be another rate rise in August.
2) MSFT's guidance with Y2K issues (if MSFT were to ever not give a cautious CC the stock would explode upward). Just remember Office 2000 is a great product and Windows 2000 will release by year-end. Both major revenue generators. PC shipments are up even if the cost of the PC keeps coming down.
3) People are worrying about companies shutting down their software and hardware purchases later this year. My opinion, they don't know how company budgets work. If the funds are in the budget the money will be spent. I've spoken with 2 IT managers and while they are watching their purchases they are also meeting the needs of the business and spending along their business plan.

We'll I like the wall of worry <gg>.

An item to keep in mind. There will be a tax cut this year as well as ear marking funds to reduce debt and fund our social security system (excessive taxes but that's a different story). Over here the democrats are setting up the republicans on this to posture for the next election (we'll worry about the election next year). Our taxes (including state) now are the highest every compared as a % to GDP. The legislation will be very bullish for the overall market, lower taxes and lower interest rates. We may not see this really being publicized for a few weeks (it's just started) but once we're past Labor Day it will be in the papers every day.

A major item if we were to have a pull back after this earnings season. Also, the P&F indicators are back to green light status.

Hope your having a good weekend.

Tim

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