t2, tomorrow, the open, may be the low for the Naz for the year.
A lot of people will sell at the open...which of course,
sometimes is the worst mistake. Better to wait at least
30-45 min. to sell, if you must sell .
I told my wife to put a pre-market order with MER at the
open to buy JDSU, GLW , PMCS & NT.She bought 1/2 her
position today at the close. I am fully invested now,
100% equities in the last 7 days.
Pessimism can turn to optimism on a dime.
Lots of Institutional money on the sides.
It's always dark before the dawn....vbg
TA
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Message #14448 from t2 at Nov 29, 2000 6:51 PM
TA, It seems that the slowdown just got more severe in the last 30 days. The companies are siding on caution, probably making a bet that it is better to
surprise on the upside later...and then the stock goes up. I think Gateway wants to surprise and is taking advantage of the current stock market
conditions to guide lower.
If the trend continues, i think Greenspan cuts interest rates. The last increase this year is just hitting the economy. I can't believe these guys did their
projections so poorly.
The wealth effect is gone; that is why demand can just fall off of a cliff. I think if they don't cut rates this December, there could be serious damage to
the economy ahead. If the economic numbers are bad in the coming weeks, the FED will have no choice.
I think that will lead to semiconductor stocks to make the first move up.
BTW---I bet even if the FED did not raise interest rates earlier this year, I bet we would have seen the same demand drop. They were probably just
interfering in the market, unnecessarily. |
