G&G's Riding Lawnmower thread Message Board

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Strategies & Market Trends : G&G's Riding Lawnmower thread

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Jan 2 4:00 PM EST

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To: Augustus Gloop who wrote (285)	7/13/2000 11:57:37 PM
From: Augustus Gloop	Read Replies (1) of 4966

Well the bed refused me :-(. This gave me plenty of time to think about what a great couple of weeks its been for us. I want the run to continue (and all the indicators are in our favor) but I think we need to be careful with the techs here. Losses come easier than gains and after the last 3 months I'm not in any mood to give anything back to the market. However, as the economic news continues to flow I get the feeling that we may be in for NO rate increase in August. It's too early to say for sure but one of the areas that will benefit first (assuming no rate hike or the final one) will be the financials. They have been beaten down in a big way and are showing up in my queries more often. They aren't as sexy as techs and may not fly as high or as fast but they may provide stability going into the "no news vacuum" of August. This doesn't mean we shouldn't be eagerly looking at techs but rather taking more of a cautious approach to them as we near the month of August.

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