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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (12033)11/7/2000 9:35:22 AM
From: Jim Willie CB  Read Replies (1) of 65232
 
Volt, I do NOT believe a big rally will occur following election
regardless of who is elected
far too much nervousness, skittishness, uncertainty

the next Federal Reserve meeting is next week, Tues/Wedday
concerns over whether the Fed changes its bias will dominate
we have yet to see a rally the week prior to an FOMC meeting all year

this market has an amazing tendency to FIND something to worry over
plenty of fodder out there to fuel fears
we move from Cisco to Election to FedMeeting

I point to the outstanding Cisco report
all the focus is on telecom customer slower orders
and their lack of strength to pay bills
despite raising forward guidance, CSCO sells off
and takes the networkers and fibopts with it

JNPR and EXTR seem to be winners here in wake
and CIEN

/ jim
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