MDA - Market Direction Analysis Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

-1.5%

4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stcgg who wrote (54242)	6/15/2000 3:05:00 PM
From: Shtirlitz	Read Replies (2) of 99985

This market is totaly confused. They think that everything is positive and are trying to buy something. But they don't know what to buy. Yesterday they where buying financials and selling techs. Because they thought that financials present value and techs are expensive. Today it turned out that financials are getting affected by interest rates (what a surprize) and they dumped them and started buying overvalued large cap techs once again. Tomorrow they will remember that HWP was downgraded, QCOM was downgraded and INTC is simply an overvalued junk growing at 5%, mostly because of its investments, and trading at a huge premium. So they will dump techs and will start buying something else. For example financials. This market has nothing positive to look forward to. Everything positive that could happen has already happened, and is priced into the market for years to come. But at the same time they don't want to sell. So we are stuck. Probably untill more downgrades and bad earnings will start hitting them on the head.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next