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Technology Stocks : Rambus (RMBS) - Eagle or Penguin
RMBS 91.18-4.3%3:59 PM EST

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To: Zeev Hed who wrote (41171)4/29/2000 11:01:00 AM
From: pompsander  Read Replies (1) of 93625
 
Thanks, as always. Does TA acknowledge or even care about macro economic movements, such as rotation from sectors or industries on a broad basis? For instance, all my talking head money advisors on one pension plan I work on are telling me we are now seeing "a practical rotation from old ecomony stocks most heavily influenced by likely interest rate increases of .5 to .75% in the Fed Funds rate over the next 75 days (read most of the Dow) to cash-rich companies with outstanding two to three quarter earnings growth patterns (read big Naz.). This rotation is supposedly driven almost solely by the prospect of interest rate impact since earnings are out. It would seem such a rotation ignores individual stock trading patterns and is driven by "macro" perceptions. This could confound the chartists it seems, at least on a short term basis.

Now, I don't believe the talking heads as they are wrong at least as often as the chartists, but it is all a part of the big circus.
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