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Technology Stocks : JDS Uniphase (JDSU)

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To: Master (Hijacked) who wrote (5550)1/28/2000 4:15:00 PM
From: c.r. earle  Read Replies (1) of 24042
 
Typical pattern that has repeated itself over and over again. I know some of you are thinking, oh no this is different, the sky is really falling this time!!

The fed meets next week raises rates .25 basis points and the markets rebound. There remains much money on the sidelines that have been waiting for a pull back. And the argument that bond yields will such out all the money of the market is nonesense. Sure we may see some weaker hands move over to bonds, but I see that as minimal. So bond yields go up to 7.25% (as some analysts have suggested), do you really think that this is sufficient to kill this market. What we will probably see is selective gains. Really very little different from last year, we many not see 80% +, but who really thinks that.

Remeber the old market adage, the market overreacts to good news and over reacts to bad news. Typical human reaction.

All the good stocks are having a yard sale. I certainly am not waiting to go shopping. Was buying NT, JDSU, IBM, and QCOM today.

Good Luck to you all.
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