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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 689.100.0%Jan 23 4:00 PM EST
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To: Yogizuna who wrote (13888)5/14/1999 12:42:00 PM
From: pater tenebrarum  Read Replies (2) of 99985
 
Yogi, nobody likes rising rates, least of all the market and the high p/e growth stocks. on the other hand, the rise in rates may cement the wall of worry to some extent. remember when the fed last raised the fed funds rate a great buying opportunity ensued. still, a correction is long overdue and would enhance the prospect of higher prices down the road.

regards,

hb
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