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Gold/Mining/Energy : Jetcom Inc.
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To: Helmut who wrote (137)5/24/2000 11:59:00 AM
From: NICVIC  Read Replies (2) of 140
 
Hi Helmut,

Yes, it is disappointing but good financial results or good news releases are not being received well by the market at the moment. The U.S. will probably raise interest rates again in June, which seems to be why the markets are so bearish.

But this is an election year in the U.S. and I don't know if the Democrats will want to see any future rate increases until after the election. Hopefully, the Fed will raise rates in June and make a statement that no further rate increases are needed. If this happens and the Tech sector continues to show strong earnings and growth, we will have a summer rally and any good news released at that time should have a positive impact.

My two cents,

Frank
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