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Politics : Idea Of The Day
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To: IQBAL LATIF who wrote (17882)4/11/1998 9:51:00 AM
From: Jerry Olson  Read Replies (2) of 50167
 
Morning IKE

It's absolutely gorgeous here on the East Coast today...Happy Holiday to you and all on this thread....

The markets did in fact ignore KLAC's warning, But Ike look at KLAC now!...while the euphoria is eviedent everywhere, i fully believe the entire market is wary of a tech selloff even at these bottom levels...

I don't see SOX 243, at most 280 would be my near term bottom, it has strong support there...if it breaks next week because of INTC, we will see 255ish anyway...

I think with the exception of the techs, earnings will be stellar this Q...Airlines, Banks/financials, Drugs, etc will beat the street and bouy the markets...any selloff will be shallow swift and self healing IMO...we need to correct to move forward..

Japan is now looking more like a key to our markets, i of course haven't a clue about what the heck is going on there with dollar/yen etc....but I do know our banks/financials instituions are there right now buying up all debt as fast as they can...it's like a fire sale...

You know Ike I really enjoy the opinions on the markets stocks etc from all on SI...it gives a bull/bear perspective and eliminates a lot of onesided thinking...at least we can agree to disagree...:>}

Have a nice Holiday Weekend as we await the BIG One on Tues...
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