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Politics : Formerly About Applied Materials
AMAT 235.13+2.2%Nov 10 3:59 PM EST

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To: brunn who wrote (41330)1/6/2001 9:45:54 AM
From: michael97123  Read Replies (1) of 70976
 
Under these market conditions there are no rules. We are all on our own. As someone pointed out to me this morning its a battle between dont fight the fed vs dont fight the tape. Tape appears to be winning early. Same person pointed out it the market always goes up after the second rate cut which should happen 1/31. So we have a period to accumulate perhaps followed by the real deal from february forward.
What I would like to see is a lessening of this volatility allowing nasdaq to stabilize without making new lows. Earnings are expected to be so bad maybe we will get some positive ones and a yawn when the expected bad numbers do come in. Look at bmcs where expectations got so low that they finally surprised upward last week causing a 50% pop in an admittedly beaten up stock. And thats in the mainframe business.
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