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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 681.43+1.6%Nov 10 4:00 PM EST

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To: pater tenebrarum who wrote (41815)3/1/2000 12:45:00 AM
From: Dwight E. Karlsen  Read Replies (3) of 99985
 
Heinz, and the ~10% rise in the SOXX was attributed only to analyst reports, one of which is just now "resuming coverage" of the semis:

"Deutsche Banc Alex. Brown analyst Erika Klauer on Tuesday resumed coverage of Altera Corp. (NasdaqNM:ALTR - news), Atmel Corp. (NasdaqNM:ATML - news) and Xilinx
Inc. (NasdaqNM:XLNX - news) with strong buy ratings. Additionally, Klauer resumed coverage of Micron Technology Inc. (NYSE:MU - news) with a buy rating.

``After a disappointing three-year downturn, we are at the beginning of a substantial semiconductor industry up-cycle,' she said in a research report.
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??? At the beginning ???

Whatever she's been smoking the last 12 months, it must be really good stuff. And this is what stock market analysis consists of nowdays: Pick a sector where the stocks have largely tripled or more in the past three months, and slap a buy rating on them. You could add, if you're an astute analyst like this Ms. Klauer, that "the sector is at the beginning of a substantial up-cycle."
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