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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (36090)12/28/1999 2:11:00 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
Although they're supposed to have a big recovery in earnings, steel's 2000 eps estimates have been steadily declining over the past month. The high level of debt and the Fed are hurting. They need the dollar to fall farther. A decline in the dollar enough to help steel would likely do in the market for at least a correction of 10 percent or more.