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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (16052)9/30/1998 11:00:00 AM
From: Judy  Read Replies (4) of 42787
 
Avoid GPS

Message 5833001

A month or two ago I posted that the retail sector had hit a buying climax. Witness the charts of ANN, NOBE, TOM, LIZ ... and you get my drift.

The Fed lowered the rate by 1/4 point, with another 1/4 coming in Nov. Intermediate-term this means the Feds foresee some possibility of recession ... high-end retailers have reacted to this. The market is forward looking and is an efficient pricing engine. Listen to the market.
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