MDA - Market Direction Analysis Message Board

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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Math Junkie who wrote (74165)	4/4/2001 4:36:26 PM
From: Haim R. Branisteanu	Read Replies (1) of 99985

When they raised rates the world was thinking that we will buy 2 cellphones a year and each home will subscribe to 2 ISP's with 3 PC's and even China and India will be flooded with tech gadgets. Now they woke up to the reality that China and India need more drastic economic reforms before they will bite the tech bug. So time will tell if those countries will buy from the West or build their own. Therefore interest do not matter only credit card holders will benefit from lower interest rates the rest is psychology. Still Tech is the place to be after the shake out is finished, not sweeten carbonated water stocks at P/E of 60 BWDIK Haim

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