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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 73.69+0.4%3:59 PM EST

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To: Jimbo who wrote (30711)12/26/1999 10:26:00 AM
From: Tony Viola  Read Replies (1) of 77400
 
Jimbo, Getting ready for the pullback in
January.
Any opinions ?


Here's a list of things that should factor into market direction in January, IMO:

NEGATIVE

1. Profit taking that puts taxing of profits out to 2001.

2.

POSITIVE

1. Y2K is (mostly) behind us. Mostly because some worry about 2/29/2000. To me, should be a No-Op like 9/9/99 was. Relief rally, if you can rally on top of rally, unless third world problems cause world wide problems.

2. 401K, 403B, IRAs all start up fresh again on the new year.

3. No Fed worry until February.

4. Money flow into the market was higher than average before Christmas. This continues because of 1,2,3.

Anyone have a second negative? Market just too high? Is there weighting of any factors that overwhelms the others?

Tony
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