Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: kendall harmon who wrote (102732)	6/17/2000 11:37:00 PM
From: puborectalis	Read Replies (1) of 120523

If I didn't know better I'd say the the Republicans are behind the Fed rate hikes,the housing and retail slowdown and even the DOJ antics...just appears to me that a "hard landing" is coming....Al Gore,you listenin'?.........Market Movers: Stocks' mushy performance could be omen by Greg Heberlein Seattle Times business reporter Government statistics the past two weeks demonstrate a slowing economy that many analysts now say will short-circuit further interest-rate increases. But value-style stocks that should profit from such news have been bashed, and high-technology stocks have barely stayed even. Is Wall Street forgetting the Bill Clinton dictum, "It's the economy, stupid"? Perhaps the answer is that the stock market already accounted for this when it torched record highs in March with a cataclysmic fall: The Nasdaq composite index drooped 41 percent from its highs, the Dow Jones industrial average sagged 15 percent from its best. So the market's current mushy performance is an omen for what's to come beyond Fed rate increases. There will be no end to the guesses.

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