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Technology Stocks : AUTOHOME, Inc
ATHM 25.03-0.1%9:32 AM EST
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To: Jack Hartmann who wrote (22299)5/16/2000 11:42:00 PM
From: ahhaha  Read Replies (2) of 29970
 
The flow state agrees.

AG has hiked the bar, but the FED will undermine that action's long term effectiveness. However, with each hike more buckets are killed off because they can't make the height, so the performers will be the high jumpers. For some reason the past fact that "new economy" companies are more important than FED or the money they create, has been forgotten. Price does that to amateurs. In response to FED's new resolve to fight another windmill fire of their own creation with gasoline of their own refining the economy will continue to generate investable funds and they will go into tech stocks.

The flow state agrees in many other stocks. I have tried to contact people and get them interested in buying tech stocks, but they know that the bear is upon us just like they knew that so well in early March, and so aren't interested. They can see that the philistines are upon them. Unfortunately, bears don't work out that way. When the bear is in gear you'd swear every day that the market is clearly bullish. Sell-offs like March - April are always bullish. Always.

Even Abby Cohen pulled in her paws today. Of course, you have to give "the FED isn't out to destroy the economy" Cohen a lot of credit. She's a woman.
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