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Strategies & Market Trends : Tech Stock Options
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To: Kevin who wrote (29618)11/26/1997 11:32:00 AM
From: broken_cookie  Read Replies (1) of 58727
 
Hi Kevin,

How's things. I knew your comment about vodka was limited to that. :)
What your favorite suds these days? I'll be out partying later with returning friends, can't wait.

>>>Durable Goods just came in extremely low. I doubt res #2 will be a problem today.

I think we have entered a market that is less driven by fears of interest rate hikes than by fears of shrinking corporate profit growth. In other words, reports that indicate less than expected growth will have a negative effect. Single digit profit growth for the S&P would have to lead to contracting P/E's. The tyx's assault on 6% would have given us a DOW9500 4 months ago.

I know your trading the flux (and profitably) but that's my take on the eco numbers.

Have a great holiday.
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