Technical analysis for shorts & longs Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Technical analysis for shorts & longs

SPY 660.19

-0.8%

Nov 18 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Johnny Canuck who wrote (36549)	3/26/2002 5:52:10 AM
From: Lachesis Atropos	Read Replies (1) of 68098

Hi Harry, I was thinking that we would get a nice bounce in April like we had last year. But now I am not counting on it. In light of the negative aspect of pro-forma earnings, earnings will pale in comparison to the past. The street is looking for earnings based on GAAP, which will be conservative. If companies paint a rosy earnings picture skeptics will raise questions. Questioning earnings spooks the market. This earnings season will be a non event at best. Another point to consider is employees of the companies that filed chapter 11 are being required to move their 401K's. This money is moving out of the funds and out of the market. This is contributing to the light volume. IT job market is very weak in the US -- weaker than any time in the past. I used to get emailed 45 posting a day at one time. I have not had one posting in the last three weeks. It has never been this slow. While the media is out flying the economic recovery kite - there is not wind to take it up. Lawrence

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next