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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (40251)5/14/1999 3:57:00 PM
From: Internet Jones  Read Replies (1) of 120523
 
Trending markets trend down at the end of the day if the outlook is bearish. What effect will a quarter of a point interest rate increase have, other than to push bonds above 6%? The market will sell off, but how far? Certainly the economy can stand 6% rates, it won't slow down lending very much. But what happens to high multiple Internet stocks when the bears are prowling? I think we could see a downtrend with the nets until earnings.
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