Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Doug Robinson who wrote (43947)	6/10/1999 12:54:00 PM
From: Jerry Olson	Respond to of 120523

LOL..Doug it's true..they just run with the news...over and over and over again

To: Doug Robinson who wrote (43947)	6/10/1999 1:36:00 PM
From: ayahuasca	Read Replies (1) \| Respond to of 120523

It all seems kinda ridiculous doesnt it? It is amazing how the threat of a 1/4 point rate hike can completely scare the shi* out of the market. Ever since the Fed tightening bias was announced there has been this palpable fear that you hear reiterated by every pundit out there. At this point, as alot of others believe, I think this move has been factored into the market. WE certainly have had time to digest the idea and the markets (particularly the high growth stocks) have corrected as a result. We are now in this excruciating waiting period. The PPI tomorrow, the CPI next week and finally the Fed meeting at the end of the month. Because we have already corrected based on a perceived event I think we will see the converse of sell the news. WE have all seen stocks correct after releasing great earnings or news due to a runup before the event. Same thing here but in reverse. I just dont know what event will cause it. The PPI number tomorrow should not do a whole lot whatever it is, but it should provide a bias for the market. The CPI next week is very important it seems and I think that will be the catalyst. If it is weak we rally pretty strong. If it is strong we rally but not as much. If it is really strong then we may have problems b/c people will start thinking about a series of Fed moves. As long as we can see only one move in the near future I think this market heads higher by mid next week.