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Strategies & Market Trends : The Amateur Traders Corner

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To: steve susko who wrote (3625)11/26/2000 11:55:16 PM
From: Tom Hua  Read Replies (1) of 19633
 
Steve, uncertainty will linger on for another week. I doubt we'll have sustained rally this week. After that, all eyes will be back on Greenspan and talks will be on on earnings growth. Since Oct, WS has slashed earnings growth for tech companies by 50% for Q4, and 40% for Q1/2001. That makes it hard for Nas to go up and stay up.

As you know the market generally looks ahead 2 quarters, and the 2 quarters ahead aren't looking too good now.

Regards,

Tom
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