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Strategies & Market Trends : Tech Stock Options

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To: ViperChick Secret Agent 006.9 who wrote (43005)5/12/1998 12:22:00 PM
From: Jerry Olson  Read Replies (1) of 58727
 
Hi Lisa

Just got back from running errands this AM...

Sure i'm still bullish right now...Nothing has changed basically from last month or for that matter last year...we are still in the same Goldilocks senario IMO...

We have 3 major eco reports coming out now..CPI-PPI-& of course FOMC on the 19th...I feel they will ALL be a non event...IMO there is NO way AG will raise rates right now...In fact I still see a major impact coming from Asia, and I've been saying that for months now...I felt this Q & next would really see this impact on corp eps...

I of course am cautious, because of DW NYBullish%..."IF" it goes negative then i would look for a selloff coming and something will trigger it, over the next few months...it won't happen immediately...

Remember very few single events can turn this market...Interest Rates are the single most powerful mover of the markets..IF AG raises rates i've said this before the market will tank 1500-2000 points...valuations and stock prices are very high right here, BUT could go higher if the reports are soft as anticipated...

So let's see what happens here over the next 5-6 days...we all will have a better picture as it unfolds...the bonds could explode on these reports either way..I think DOWN!!!!toward 5 1/2%.....

Anyway it's fun to guess the action...
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