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Strategies & Market Trends : Ask Vendit Off-Topic Questions

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To: sandintoes who wrote (3516)	1/4/2005 9:57:47 PM
From: Vendit™	Read Replies (1) of 8752

Re: Is this what threw the damper on the market? Your question is fundamental. I am technical. <g> Sandi - I think that this is always a volatile time of year. We always experience the Santa rally and then a brief sell off after Christmas followed by a few weeks of a Bull Market as we head into February. I believe that most market gains are to be hard between October and February of each year. You are better off to sit out the rest of the year. That sounds pretty boring, right? To answer your question, rising interest rates have actually been making the markets rally. I can only speculate that the time of year and technical condition (over-bought) of this market is what caused the sell-off today. Give it a day or two and everything will stabilize. Reid

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