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Politics : Idea Of The Day

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To: IQBAL LATIF who wrote (21711)	12/2/1998 3:09:00 PM
From: oexplayer	Read Replies (1) of 50167

Ike: Interesting strength in the SOXX today! In the face of a weaker NDX and composite, do you see this move as simply rotation out of IIX stocks ect., or purely a continuation of the uptrend due to improving fundamentals? I noted some very bullish comments about the capitol equipment sector coming out of Semicon Japan! Pundits were looking for growth in the 20%-%30 range over the next few years mostly due to the emergence of new areas of usage for chips! Also, do you agree with my assumption that one reason this correction/ consolidation will be fairly short-lived is because of the continued strength of the BKX and DJT? This decline in the DJX has not been preceded by drops in the traditional leading indicators; ie. BKX and DJX! Thanks for your comments! Kevin

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