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

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To: Jeff Jordan who wrote (14200)9/8/1998 9:44:00 PM
From: Dave Shares  Read Replies (1) of 120523
 
Jeff,

My sense is that the funds are doing their best to make their portfolios look profitable for the end of the quarter, but it is very hard to say how long it will last.

The ability of the funds to buy is related to the supply of investment dollars.

These are challenging times, when many things can shake confidence, and cause a sell off.

I think the recent lows will be retested, but I don't know when, but my sense is that it will happen in early October. I do not see this rally carrying the Dow over 8500.

Having said all of this, I do believe that there will continue to be long opportunities as stocks in general are more reasonably valued, and the earnings performers will hopefully do OK.

This is my opinion, and given my name, you should know how much faith to put in it <g>

David (back from watching McGwire's 62nd on TV - AWESOME!)
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