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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (27183)	6/27/2000 1:58:00 PM
From: j g cordes	Respond to of 68432

Interesting problem.. A. financials follow interest rates and Fed B. financials follow profitability and performance of customers If there's a realty or business loans bust, as there was in the late 80's -90's, lower Fed rates won't help banks much. If theres a glide landing without consumer damage then the Fed is an important factor in guaging bank stock performance. I'm curious to see which banks and brokerages/money houses played the tech sell off with a profit and who got nailed. The Fed hasn't raised interest rates 4 months prior to an election since 1930's Not sure what pessimism Schaeffer is talking about, Citigroup is near its 52 week highs, WFC is even, only Bank One looks like it could rally from a well defined base.