CA 55 11/16 UP nicely on Fed rate increase 5%, Euro more of a big deal these days than Greenspammer, the US has figured the FED into prices already, so now CA earnings which were on target (despite naysayers on this thread from FARGO) will prove out its buy (M&A) of Sterling software, Jasmineii Unicenter TNG and Neugents technology etc. We have clear sailing this month. RELIEF RALLY IN PROGRESS as stated.
Also, gap up occur when the realization hits that the price is depressed artificially, and tech stocks, being the only real GROWTH game in town would prosper over and above non growth non-tech stocks despite the Fed, and this realization usually comes just on the eve of final assessments as to pricing. That is, this is a MARKET EVENT and not a ECONOMIC EVENT as our economy is very strong, which translates to BULL MARKETS.
I am,
Truly your$,
-Crystal Ball |
