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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (37530)	3/27/2001 10:05:21 AM
From: Stoctrash	Read Replies (1) of 50167

IKE the WMT play is a good one...when the econ slows and goes negative they will do better than most retailers in these rough times ahead. My macro theory here IKE is that the tech crushing IS going to snow ball into all other sectors. It will take time. Consumer Conf. numbers are way up today obviously these people have not seen their 401Ks performance these past few months. This number today tells us no more phat rate cuts in the near future...not exactly bullish, infact a major negative for those looking for lower FED rates anytime soon. I suspect the market will selloff on this news today BKX ...a close below the last 10 hours lows would be not so good on my charts and would point to a test of 750ish. SOX either bounces at it's current levels of NOW or fails and tests 560 or lower. Right now it is bouncing after the open, though holders of VTSS and others might not be so bullish today <GG>

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