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Strategies & Market Trends : Steve's Channelling Thread

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To: Sam who wrote (10317)	1/17/2001 8:36:28 PM
From: Zeev Hed	Read Replies (3) of 30051

If it is grim, it is actually better for stock prices, it almost guarantee that the fed's will step into the breach. If, however, a major tax cut and the fed move simultaneously, I fear we get a very strong rally, but it does not live very long since this will reinflate the bubble, the fed will rapidly step on the breaks if that happens. We just need to watch. Right now, however (since I am sure it will take a good six months for the Congress to move on taxes), I think that the market will pay more attention to earnings reports and "forward looking" statements. Yet, witnessing what happened yesterday when INTC hinted at an increased Cap-ex budget, anything that can be construed that the "end of the down cycle is near" will act as a catalyst to improve pricing of stock, this until we get once more in over confidence and exuberance in the markets. Zeev

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