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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (10517)1/25/2001 1:58:33 PM
From: Bosco  Read Replies (1) of 30051
 
Hi Zeev - good point. I think the mkt is responding the tax cut part of the msg at the present time. After all, many of the stks we followed have ample *tax credit* and are not close to the consumer, the cyclical and financial are perceived as the primnary beneficiaries. I really hope it will spread to the Naz mkt. Strange though, why are the defensive sectors like the drug sector up? Although, they have been doing well on the earning front. So, maybe there are many underlying factors operated somewhat independent of one another. Hope they will gel soon, else, another round of margin panic :)

best, Bosco
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