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Strategies & Market Trends : Rande Is . . . HOME
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To: Rande Is who wrote (11141)8/23/1999 3:18:00 PM
From: Rock_nj  Read Replies (2) of 57584
 
Here's my take on the market:

The way I see it, you have two forces at play in the present market. The natural tendency for the market to go higher as more money flows into it from retirement plans, and the tendency for money to flow out of the stock market as inflation fears mount and interest rates rise. Add into that the nagging Y2K factor, and you have a lot of uncertainty. Look at what the NASDAQ 100 has done since January. Virtually nothing! It's been stuck in a trading range for months. I don't see the NASDAQ 100 making new highs until the Y2K factor is out of the way (i.e. until next year). There will probably be a modest rally after Labor Day, as traders return from vacation. But, rising interest rates and Y2K concerns should keep the rally in check. This is only my opinion.
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