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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Lee Lichterman III who wrote (24749)6/29/2000 8:15:00 PM
From: dennis michael patterson  Read Replies (2) of 42787
 
The Market. I find the current state of things inscrutable. 1. the fed is near the end of its tightening cycle (according to what IT has said); 2. the Long Bond is under 6-- that's right --handsomly under 6 3. Profits in many high tech companies are excellent. Just wait until SUNW/Csco and orcl report. 4. The mania stocks have cratered: IVIL and all that bs. Finito. They ain't coming back 5. 401K money (liquidity) is good. What's to be negative about? The only thing that explains the current malaise is summer. Even I took some time off and I was in Europe!!! The wireless thing (i.e. slowdown??) is a real concern but it may be based on nothing more than a slowing of acceleration.

In any event, there are many many reasons (I just gave you 5) why the market should be going up. I think it will start to do that no later than next week (Carpino backs me up here, cyclically speaking) I just remember SUNW at 68-- did I buy it? No. DUMB!!!! I know it looks ratty out there-- but be on guard. This could move up big time. The downside? I just con't see the downside risks being all that big.
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