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

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To: Kip518 who wrote (32290)10/7/2000 10:21:21 PM
From: Square_Dealings  Read Replies (2) of 42787
 
<<the fed won't let the market crack prior to the election and that a get-out bull move is coming shortly. >>

I was positive on energy stocks also until they started pulling back with the rest of the market last week. To me it feels like all at once everything is rolling over, every sector. The place to hide is cash imo.

The theory that the market can't go down in an election year is a talking head plea to hold stock. The fed can throw all the money in they want but I think its draining out the other end via foreign redemptions.

Foreign investors are not going to be purchasing a lot of US stock given the currency crisis. And with unemployment at record lows and productivity record highs, wheres the future growth come from?

M.
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