Idea Of The Day 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.

Politics : Idea Of The Day

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Hans who wrote (14751)	11/19/1997 11:39:00 AM
From: Judy	Read Replies (3) of 50167

Market Read: short-term There is no leadership in the market to move it higher. The former darlings - drillers, drugs, and banks - are moving down according to a drummer of their own. Buy/sell programs will kick in this week for options arb, but do not be fooled by options flux. There is no strength to this market, no convincing buy volume. The market will continue to float with a downward bias ... the Asian crisis will take time to sort out. Witness companies are not able to predict the impact to their bottom line, hence multiple pre-warnings. If the companies themselves cannot forecast, why would one think the market can? Give me a break. Techs are washed out, but bottom needs to set before they can move up with conviction.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next