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Technology Stocks : KEMET Corp.

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To: The Ox who wrote (502)8/11/2000 12:00:31 AM
From: Rarebird  Read Replies (1) of 906
 
Yes, Michael, if Greenspan doesn't raise rates anymore, the Bull Market may very well resume and better days for KEM most likely lie ahead. But if that Fed Funds Rate gets to 7%, I'd load up on gold stocks and prepare for a hard landing.

I do see some turbulence for equities in 2001 if Bush gets elected. Not that I don't support massive tax cuts. I certainly do. It has been amply demonstrated (from Reagan) that tax cuts are extremely bullish for equities over the long term, as a good portion of this money will eventually get invested in equities. The problem lies over the short to intermediate term as the spending cuts, which tend to accompany the tax cuts, put pressure on growth. I remember very vividly how bearish the US stock market was in the first 18 months of Reagan's first term.

I'm looking at a nice rally beginning next week(middle of the week) and lasting into the labor day weekend. That has been my forecast for a while now:

Message 13978079

Message 14133191

PS KEM is on my radar screen here and it is one of the equities I may very well play on the long side during the coming rally.
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