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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (10609)1/28/2001 1:34:44 PM
From: Logain Ablar  Read Replies (1) of 30051
 
Thanks.

Saw your post on the SSTI thread. We'll hear a lot of FUD but a 50bp cut is a done deal. I think the question for the market will be does this avoid the recession. It will be too early to tell. Ssometimes its not the second but the 3rd rate cut.

I guess one of the main contrarian issues is we didn't have enough fear @ 2250. This is probably true but if so many people on the street are looking for the fear maybe we do rally for a couple more months (slow but steady climb of a wall of worry) until the next quarter warnings. Banking is still rallying. One of the first to lead out but with the debt issue, i.e. a lot for the business and consumer to work off and concern of defaults if we hit neg. growth), I admitt I have my fingers on the eject button.

Have read Chambers of CSCO (in Davos) indicating CSCO experiencing a more chalenging month / quarter than he indicated just a couple of weeks ago. This will put pressure on all the networkers, chip makers and tech sector.

I'm just wondering what sectors in tech will be standing. Have you started looking @ precious metals? I've started to make a list of stocks and entry levels for long term holds. Right now still just trading

Tim
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