SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Veeco Instruments-Who?
VECO 29.08-0.7%11:52 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Carl R. who wrote (1487)9/12/1998 12:27:00 PM
From: Alan Hume  Read Replies (1) of 3069
 
Hi Carl,

I am a subscriber to Vectorvest, and I closely follow their views on the investment climate. I think they really hit the nail on the head in a recent summary written on September 4th :
"You may believe that the current correction in stock prices is due to the financial crisis wracking Russia, Asia, Japan and S. America. But it's no coincidence that the downfall began on July 21, the day Dr. Alan Greenspan, Head of the Fed and America's Chief Inflation fighter, testified to congress. Dr Greenspan not only complained about exhorbitant stock prices but he signaled that interest rates would not be cut any time soon etc etc."

Now less than a week later, Greenspan assures us that interest rates are NOT going to increase in the near future, and stocks explode.

This statement IMHO is the key to the next few month's trading trend.

The fuel of the bears is UNCERTAINTY. Now in the past few weeks we have seen much (over exagerated (IMO))market volatility caused apparently by the uncertainty of the leadership in Russia. This issue appears to be settled on the same day that Kenneth Starr has presented the means to force Slick to resign.

Fuel enough for the bears to send us into a black hole one would think. But no! the DOW recovered 180 points!, well up on the week after Greenspans' announcement last Friday.

To me, that is further proof that interest rates are the most dominant underlying factor in stock prices. i don't think Brazil dropping 15% will influence anything more than Tom Cruise changing his shirt.

Regards
Alan
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News