SI
SI
discoversearch

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.
Technology Stocks : Qualcomm Incorporated (QCOM) -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (45020)10/16/1999 2:02:00 AM
From: Jim Willie CB  Read Replies (2) | Respond to of 152472
 
Frenchie, I will take a big bounce, forget huge
semantics, bon homme

I see sawtooth sideways Dow and S&P for a while... the Fed is attempting to control the market with the next inevitable rate hike... they passed twice in a row at FOMC meetings... I doubt they will hike again, but they now know they have a weapon to hold over the market for seeemingly indefinite period of time

I see slow uptrend in Naz staying in its channel, probably toward the low end

Louie Navallier expects a Monday strong bounce... he is a smart sonofabitch, smarter than you and me... he said never to expect a recovery bounce on a Friday, but rather on Monday (JW: probably in the afternoon)

/ jim



To: Boplicity who wrote (45020)10/16/1999 12:02:00 PM
From: FlameMe  Read Replies (2) | Respond to of 152472
 
Greg,
I agree. I think if they rally out of the box on Monday it will be met with selling. To get a sustainable rally, I think we need either a) good CPI number and a few economic reports showing weakness, b) an immediate Fed hike, or c) a big down and then reversal day. The best scenario would be for the Fed to hike on Monday causing a huge drop and reversal, then not so bad CPI on Tuesday. But, it won't happen like that. I do agree with the others that the sentiment in the market is at levels associated with a bottom. I even think Friday could have been a bottom if there were a very positive catalyst to appear this week. But, I don't really see one yet. Guess we will see.

Regards,
Ross



To: Boplicity who wrote (45020)10/16/1999 12:23:00 PM
From: SKIP PAUL  Respond to of 152472
 
I think Greenspan is determined to not let the averages run away. He keeps stepping in front of this freight train. If it wasn't for him the DOW would have been at 12000 by now. The underlying economy and increasing corporate profits warrant upward movement of the stock market. I think the market will stay nervous for a while and ultimately break through towards the end of the year. That is if the profit picture remains healthy.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News