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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Hank Stamper who wrote (57109)7/24/2000 11:25:55 AM
From: James Strauss  Respond to of 99985
 
It might be tough to celebrate when valuations are near-record and corporate profits have yet to reflect the effects of the tightening.

David:

We've seen this before... The FED stops raising rates and the companies revise their earnings estimates downward... The FED then lowers rates... Investors bid stock prices higher as they look out 6 to 9 months for an earnings improvement in a stable to lower FED rate environment...

Jim