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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (81987)	6/26/2000 5:46:00 PM
From: cardcounter	Respond to of 132070

MB, I need your post rate hike view on the market.. apparently ( i'm reading this,cuz back in '95 I thought the "Fed" was the guys who were trying to curtail my underage drinking), in the post rate hike days of 1995, the S&P500 ran up 34% over the next 6-12 months as the economy slowed and the rate increases concluded... stocks ran up despite the slower earnings growth and downward estimate revisions... best performing sectors included health care, tech, consumer staples and finance...worst performing were consumer clyclicals, basic materials, energy and capital goods... will history repeat in similar fashion? if not, what's fundamentally different between now and the post rate days of 1995?