Today, the market in general is way over sold, and the market rally we are seeing is just a bounce. The networkers are falling short, dollar strong, slow down in Japan, confussion.
Interest rates will move higher, the end of April and first two weeks of May.(Bond refunding). Then the FED meeting. Unless something changes, they hike a 1/4% on May 22.
The DOW will make lower lows(GC will point this out). It needs to, the large CAPs are too expensive. Rate hikes will bring them down.
However, most of the good quality tech stocks(except MSFT, just didn't get sold to $84 yet, sorry Dave), should hold their lows.
But this is not 1994. The Feds not going up 3%, more like 3/4% (I hope).
A little Pepto(it's pink), good earnings, and DVD wins; CUBE arrives this Summer.
|
