MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: American Spirit who wrote (54116)	6/14/2000 8:49:00 PM
From: Square_Dealings	Read Replies (1) of 99985

<<No rate hikes mean summer rally >> The only problem is that the rest of the world doesn't believe this imo. I really think we are having a hard time convincing foreign investors that the US market is undervalued. A lot of "money on the sidelines" may be crossing the border... They just raised rates .5% in Europe too. So now we get slower sales to Europe, and a falling dollar means we get less profit. Japan is growing at a snail's pace, those guys dont spend money. China is our only hope, once they get the windfall from all the gold they've been buying, and the QCOM options they've been playing against their daily news releases on QCOM <g>. M.

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