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Technology Stocks : AUTOHOME, Inc
ATHM 23.22-1.8%3:59 PM EST
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To: ahhaha who wrote (10160)6/4/1999 12:21:00 AM
From: E. Davies  Read Replies (1) of 29970
 
The market will decline until they actually do do it
True, the threat of a rate hike is far more powerful than actually doing it. That is why most of the time they bias to tightening they never do.
However I disagree the market will decline until the hike. That is too easy. The market will decline until the hike, until the market has more than priced it in, or until data shows inflation to not be as bad as everyone fears.
You are convinced this is a long slow bear market, you may be right. I wont be convinced until the next solid multi-week rally (which will happen soon bear market or not) shows itself to be weak enough. I wont know for 2 months at least. y2k selling may be the final nail in the coffin.
Eric
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