MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 670.92

+0.1%

Nov 7 4:00 PM EST

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To: pater tenebrarum who wrote (52953)	6/3/2000 12:59:00 PM
From: American Spirit	Read Replies (3) of 99985

Fed hikes. I'm no economist but I've heard several times that historically the Fed has only raised rates within three months of a presidential election once, many years ago. We can speculate all we want but at present the consensus about future rates hikes is neutral, that is the experts don't expect more than 1/4 if anything. I expect the Naz to probably bounce off 4000 but other sectors to do a little catching up. Small caps and retailers are particularly beaten-up mainly due to interest rate fears. Therefore I'd expect a rotational rally to continue. Of course one can't be too greedy and taking profits as we go up is adviseable in most cases. One thing we've seen a lot of lately is how the market over-reacts to both good and bad news. Over-bullishness or over-bearishness are both signs to change direction before everyone else does. Just general common sense that's all. Either that or just hold long-long term like my Dad does. He still owns the ATT break-up stocks (Baby Bells and LU) from the 50's and 60's entry prices. They're 99% profit which becomes a tax issue over a half a century. LOL

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