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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: Jenna who wrote (98891)	5/22/2000 4:23:00 PM
From: puborectalis	Respond to of 120523

Galvin thinks the market is being driven down by investor uncertainty about how much tighter the Fed will screw short-term interest rates. In a conference call with investors late this morning, Galvin said that we are in the "eighth inning" of the Fed's move. Galvin said that the market is "close to an inflection point" and predicted a 20% gain on the S&P and a 30% gain on the Nasdaq Composite between now and year-end. But Galvin held out the possibility that he could be wrong and said he will be carefully watching the June 13 retail sales announcement as well as other economic indicators scheduled to be released before the Federal Open Market Committee meeting on June 27-28. There was the sound of caution in his voice.