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Strategies & Market Trends : Options
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To: PAL who wrote (7359)5/4/2000 7:33:00 PM
From: steve mamus  Read Replies (1) of 8096
 
As I posted previously the last time the Fed went thru this (94 I believe) multiple 25 basis point hikes were followed by 50, then 50 more, then 75 basis point increases..it could happen again. Barton Biggs actually used the bull word today on CNBC...I would expect a sideway moving market until another sustained push up...not clear this will run its course by end of this year. For next real leg up I still like GLW, JDSU, BRCM, QCOM, PMCS, NT and EMC. I wouldn't waste time with the 3rd and 4th line tech stocks for at least the next 3-6 months.

DoK
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