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 : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: carepedeum2000 who wrote (18141)	1/6/2000 7:24:00 PM
From: Tradelite	Read Replies (3) \| Respond to of 57584

Carpedeum...I almost put in a buy order for LU today, too, and am glad I didn't. Furthermore, one of the gurus I listen to (who doesn't promote stocks, only sells technical analysis) tonight said on the radio that he thinks we're in for a few weeks more of a downturn, not just one more day. He says his "market sentiment" indicators show very low inflows into mutual funds for the past few months (despite everyone else thinking there is lots of money on the sidelines waiting to get in), plus low short interest in the market (indicating too much complacency), and margin debt at very high levels. On top of that, today's IBD contains a story explaining--at least a little--the renewed interest in "cyclical" stocks. According to the story, the fact that factory orders rose 1.2 percent in November and broke a two-month losing streak indicates "U.S. manufacturing is clawing its way back." Year over year, orders jumped 8.7 percent, "their best such showing of 1999." Much of the strength came from a $3 billion rise in orders placed with makers of electronic equipment, according to the story. Other quotes from the IBD story...... "Analysts called manufacturing's November rebound the latest evidence the economy grew at a robust rate as 1999 ended---likely too robust a rate for the Federal Reserve, as the recent buzz over a likely February interest rate hike made painfully clear. "November's factory orders report suggests the Fed won't be too aggressive with interest rate hikes in February if it wants the manufacturing sector to continue its rebound. That points to a quarter-point hike, rather than a half-point hike." "The manufacturing sector is gaining momentum, the world economy is improving, and the demand for exports is increasing, " according to Mark Vitner, an economist at First Union Capital Markets Group in Charlotte, NC.