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Strategies & Market Trends : The Player's Club
SPY 683.47+0.6%Nov 28 4:00 PM EST
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To: Gersh Avery who wrote (4766)1/26/2000 5:22:00 PM
From: Chip McVickar  Read Replies (1) of 11513
 
This seems to support one of the fears that may hold down the markets over the next few months.

Earnings will start to sputter on the Techs that have a name. Followed by higher interest rates that eat away at profits by making debt more expensive.

The hard thing about Greenspans rate increases is that only a handful of companies are above their 200 day moving averages, others will struggle to stay profitable.

Chip
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