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


To: shasta23 who wrote (27336)7/18/2000 5:04:55 AM
From: Clint E.  Respond to of 68251
 
Hi Stefan.

I'll copy & paste the earnings from Briefing.com, if you think that's helpful.

MSFT itself is not the issue but by the end of this week most tech giants will report earnings. Earnings have been good but they didn’t help the NASDAQ from falling by more than ~1000 points last qtr. when the market couldn’t see an end to the rate hike. Therefore, the real issue is the economy, interest rates, and the Fed. I think if we get a couple of unfriendly economic numbers, good earnings won’t help richly-valued stocks that have doubled in the last few weeks.

Enjoy your 1st. house. That's a lot of fun once you get thru all the paperwork.

Clint