Barrons Forecast - Hi Geek Stuff turned White Shoes,
So it looks like you got some learnin', with those white shoes and all.
<Anyone: any thoughts about Big Blue, fundamentally or technically? I think the future bodes well, might not be long before you can actually buy a real company for a fair price.>
Starting with the techs (I use the chips found as WG400 if you use TC2000), over the past month, the sell-off has broken the back of the advance trend-wise. Now whether we see a year-long sell-off like what started in mid 1995 or just a continued move up at a slower pace remains to be seen. Growing at 40% per year ain't all bad, as they say.
Big Blue, based on prior performance, should drop back into the low 90s and possibly as low as 82-84 range before moving much higher. From THAT point, you could see a double in the space of a little over 1/2 year.
These are all just observations looking at what has happened over the past couple of years... no guarantee of anything... just IMHO.
Secondly, the markets' weakness MAY be because they ARE in the process of discounting a Nov tightening. If this is true, a 10% correction FROM HERE is not out of the realm of possibility.
Barron's forecast: markets higher next week with strength Monday and Thursday.
Regards,
Bill |
