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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: LastShadow who wrote (5497)2/23/1998 7:38:00 PM
From: Judy  Read Replies (2) of 120523
 
Last, you said that the market looks to make a hefty correction ... and soon. What makes you say so?

I see the market continuing strong for another two weeks or so, except for routine profit-taking. There will be volatility but the bias is to the upside due to liquidity. Specific stocks could correct steeply but I'd expect the market to stay strong overall. Given the forward guidance from 4thQ earnings, the Street should plow money back into the select stocks for 1stQ window dressing. The telecoms were a clear receipient today ...
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