TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (63894)	9/18/2000 6:26:28 PM
From: CIMA	Read Replies (1) of 150070

From CNBC: The market is in an ugly mood, no doubt about that. Investors are rethinking the probability of a "soft landing" - not because the Federal Reserve miscalculated, but because rising energy prices could upset Alan Greenspan's well-laid plans. Finally, the confession season is clearly having an impact on Wall Street's morale, with the weak Euro being blamed for revised earnings in many of the recent warnings. Is there anything positive in this picture? Yes. First, the Fed has the tools to fight energy prices, if necessary. We haven't heard any talk of this yet on the Street, but a week ago some experts were speculating that the Fed would lower interest rates early in 2001. If energy prices threaten the soft landing, Mr. Greenspan could move sooner. Second, even with the present declines, the Dow and Nasdaq are still within the trading range set this summer. The gains of August are lost, but the indexes haven't broken the lows of late July. Finally, the confession season won't last forever. It will be followed by the earnings season which the evidence suggests will be brighter than it looks from here.

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