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

To: Jerry Olson who wrote (77385)	1/3/2000 2:27:00 PM
From: SMALL FRY	Respond to of 120523

<LOL> I think the investment bankers are leading all of us by the nose rings... here, there and everywhere. The picture is always being painted a different color to keep us guessing... no matter, as long as we don't get caught in the backdraft... you must be done counting. :)) :)) SF

To: Jerry Olson who wrote (77385)	1/3/2000 2:37:00 PM
From: macduff3	Read Replies (1) \| Respond to of 120523

OLB's Generally, they are considered somewhat interest-rate sensitive because of cost of funds for margin loans and business borrowing, like banks and other financials, though less so. Also their discount rate goes up having a similar effect as in the tech stocks which reduces valuation and presumably PE ratio. However, banks swear there earnings are not impacted by interest rate changes up or down. Nonetheless, market perceptions rule. OLB's should have excellent current quarter earnings and continued growth from account expansion. But expectations will continue to ge reconciled with market perceptions and therein lies the risk with this volatile group. Downside risk given their low PE's is minimal but it may be "slow" (not dead) money.