SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Growth stocks with Value
CNBX 0.0003000.0%Nov 12 12:46 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: zx who wrote (8)9/10/2000 9:02:19 PM
From: IQBAL LATIF  Read Replies (1) of 3145
 
Congratulations on this new thread, thanks for the invitation.

I think that bull trend is very much intact as far as 1355-1400 band is maintained by the S&P 500. The oil news emanating from Geneva are suggestive of OPEC resolve to raise output so as to maintain the price between 25-27$, that would help allay some worries as ensuing winter with low inventories can cause some speculative buying help move oil higher, the OPEC decision would be helpful to bring prices lower, purely on demand and supply side this hike is unsustainable from trading of commodities angle the squeeze can take prices higher before the swing producer Saudis are able to raise much in excess of 500,000 plus barrels.

The oil demand in wake of global economic revival will certainly help corporate profits, with low inflation and good demand of capital and productivity goods from commodity rich countries in my opinion the forth coming third quarter profits would be helped by the strong economy and low inflation.

Going forward I see no reason or fundamental change other than INTC downgrade to believe that 4000 plus on Comp is not maintainable, I hope that we have close above that level the 1400 on S&P and 4000 on Comp..
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext