Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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

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To: Jenna who wrote (8638)	4/28/1998 12:10:00 PM
From: Jenna	Read Replies (1) of 120523

Market Correction: Greenspan is glib. Has he lost his tongue... Since the Fed just "hinted" the market corrected with the "letting out of pressure from an overblown beach ball" that was long overdue. If Greenspan had actually called the rate hike, the market would probably have reacted much more profoundly. Think of it like this.. the higher the valuations in this market get, the more explosive will be the correction. So, I for one, would rather have a little pin prick to let out the pressure of these valuation before the balloon bursts altogether. I'm sure there will be more corrections, but I don't anticipate on large, long term correction in the near future. I will still stick to my trading strategies, but I don't intend rushing out and selling my long term holds (BEN,NSOL,CDNW are good examples), just keep my trading portfolio in 75-80% cash at end of the day.

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