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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (30706)	2/11/2000 1:07:00 PM
From: Susan Saline	Read Replies (1) \| Respond to of 50167

>>>I would assume that 1400 should hold and we may see a recovery based on slowing retail sales after this initial weakness, now that we have two closes below 11880 on DOW we are in channel that is lower channel and have all the ability to take DOW to as low as 10000 level.. I would wait for DOW to recover to 10860 for any long on the DOW index otherwise we can see that brkb can test as low as 1500 to 1480... Susan the stocks I like are Yum type for long term and beaten down stocks like jnj ko pg nke bmcs jpm c mrk ups one for medium to long term 1 - 2 years.. bdk.. <<< thanks ike .... still have a 'core' of BMCS for long ... no trading shares currently have YUM in long account ... free shares from PEP spinoff long ago ... but don't wish to buy yet for a trade ... trend too ugly JPM is interesting chart found T yesterday and may make entry near close if dow appears to turn bdk??? appreciate your input

To: IQBAL LATIF who wrote (30706)	4/10/2000 6:33:00 PM
From: IQBAL LATIF	Respond to of 50167

<<The divergence between the Nasdaq and the Dow has dramatically narrowed since the technology pullback began in March. The Nasdaq is up just 2.9 percent in 2000 after Monday's activity while the Dow is off 2.7 percent. The Standard & Poor's 500 index (^SPX - news) dipped 11.89 points on Monday, or 0.78 percent, to 1,504.46. Meanwhile the 30-year U.S. Treasury bond gained 14/32, pushing the yield down to 5.67 percent from Friday's close of 5.70 percent. ``This rotational switch happens almost daily now and it's probably going to continue that way,' said Barry Hyman, market strategist for Ehrenkrantz, King Nussbaum Inc. Trading volume was light, which can contribute to volatility in stock prices, market watchers said. On the NYSE, only 854.8 million shares changed hands while Nasdaq logged 1.44 billion shares. But market watchers noted that they did not believe investors were taking money off the table. ``I don't think cash is coming out of the market. It feels like a rotation,' said Brian Clifford, portfolio manager at SunAmerica Growth Opportunities Funds. ``It seems like it is the same game we played last week.' Tech sectors dove after market strategists and a top technical analyst recommended moving money out of some highfliers and into more traditional, old economy groups including financials. Merrill Lynch's chief technical analyst, Richard McCabe, said investors should use rebounds in the prices of tech stocks to reduce their holdings and move into energy, basic-industry, consumer-cyclical and financial stocks. ``It seems like every single analyst on the Street is on the old economy bandwagon and determined to drive the last nail in the coffin of high-flying techs and arrogant investors,' said Charles Payne, head analyst at Wall Street Strategies, an independent market research firm. ``I still like the techs long-term but acknowledge their vulnerability,' he said. ``The wildcard is the financials, which are cheap from a value observation and are building in further rate hikes.'>>