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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: Lane Hall-Witt who wrote (97323)	5/12/2000 8:11:00 AM
From: lee kramer	Read Replies (1) \| Respond to of 120523

Are you really gonna be surprised if the FED bumps rates by 50 basis points next Tuesday? Are you gonna sell anything you're long at 2:16 next Tuesday? This FED ratcheting up of interest rates is more well known than Regis Philbin. The market may continue down, but to sell on this "news" is a Johnny-Come-Lately amateur play. Gotta watch how the market takes the news. If I see a sharp drop in the five minutes after the Fed announcement, I'm planning to do some buying. This...preciptate dumping on news that really isn't news... often ignites nice rallies, even bear market rallies. I suspect it may happen again. (Lee)