All...bond returns in Feb. the worse since 1980....this is a big reason for the overall weakness in high techs that we've seen...this (bond market weakness) will not go on, and by early April, we should see a nice turnaround (if not sooner)...this will boost stocks, of course.......in April, return of Japanese money to U.S bond & stock markets....also supply (bonds) reduced..govt. will be recieving huge inflows of tax revenue...
So the next 2/3 weeks are likely the extent of the scary period here....
Also, we need to get a little distance...a couple weeks at least....past all these downgrades/bad news....tomorrow should help turn the "bad news tide" a bit....amazing how Micron Elec. is even an issue today...since when have they EVER executed their plan....also, they are reporting months Dec., Jan., Feb....Wall Street has forgotten that Dell will be reporting Feb., March, and April...
Last year, Dell reported 3rd week in February...the stock peaked around that time at 71 (so many splits ago, I don't remember what that would be)....and fell down to 60 over the next few weeks...
Dell didn't get going again until the middle of April..
So, a 7-week period, post-earnings, of oscillating (mostly) between 60-67 last year..
Just for a little perspective...
The inflation scare here is unbelievable...the next move(s) are down, and maybe strongly so.....look at the rest of the world for goodness sake.... |
