SJS, this proves that even Abbey can make mistakes!
No way Fed is going up 75 points in Feb.. There is no need for that.
They will do 50 in Feb., and that is already discounted in the market.
Then we'll see.
Meanwhile though the Internet/Telco explosion continues unabated.
CSCO took off in 1992 like a rocket to Mars, right in the middle of the
1992 recession, and never looked back.
My only thanks to Abbey is that if we do tank, it will allow me
to buy more JDSU; I may even send her a thank you card,
for being so good to me,
:-)
TA
Cautionary remark: this type of investing can be hazardous.
If your risk tolerance is low, you should consider
Louisiana-Pacific, Alcoa or Gerber's baby food instead,
TA
Message #5380 from SJS at Jan 27 2000 1:10PM
Thanks Abbey!
_____________
13:00 ET Joseph Cohen Speaks : Goldman Sachs managing director (and perhaps Wall Steet's most revered bull), Abby Joseph Cohen,
predicting an S&P 500 advance of just 8%-10% in 2000; sees Fed hiking rates by 50-75 basis points beginning at the Feb. 1-2
meeting...
Appears market responding to Cohen's comments, as major indices have all plunged into negative territory: Dow -34, Nasdaq -27,
S&P 500
-8. |
