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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (32092)6/28/2000 12:34:00 PM
From: IQBAL LATIF  Read Replies (3) of 50167
 
I would think that market has seen a strong durable goods number add on the earlier numbers and you have ideal situation of non-inflationary growth. So far any major has not announced any major short fall and the market is readying itself for good earning announcements, all this non-inflationary growth and base building around the 3800 area is a good sign, the only worry is the inability of IIX to get over this 200 days mA, I would see that my yesterday pick WCOM has done exceptionaly well and I see that Fortune tells me that lot of stocks like Maytag ITW CCR are languishing at lows, I think FOMC would be satisfied with hte slow down and we are nearly at the top of a tightening cycle, the aggregate demand will definitely show further slow down and last thing Fed would like to be accused is of taking sides in 'presidential election politics' in a election year, I would think that the gang may hike cotarary to marekt expectations a .25% but move to a neutral bias, that will be ideal for the present state of economy and market, by moving the bias they would signal not interfering with the markets and tightening will be to pacify the hawks the erring to caution still continues, a long shot to FOMC result but worth a call. I would think that a dip after the announcement is buy if the conditions I have set above are met if other conditions are sighted like continued bias to tightening and heightened worries a dip below 1442 will take us to 1428 area or may be lower on cash..
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