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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (29723)	9/13/2000 6:25:56 PM
From: Haim R. Branisteanu	Read Replies (1) \| Respond to of 42787

Allan, people ignore the inflow of funds from overseas. With a strong dollar and high oil prices the crisis do not only affect the US consumer but also overseas consumers. Oil is still around $34 but the dollar moved above 115. So for many nations oil is still well above the equivalent of $35. Remember wen oil was around $11-$12 the USD index was around 98!!! All in all it point to very limited upside and substantial downside for most high flying stocks. No wonder CSCO is stuck, and other beloved telecom's and semis are down. Slow PC demand is also a result of high oil prices next cell phones, consumer will hold on to the old models longer, they function anyway so why buy a new one? Aside the dollar is on borrowed time and with the dollar will the stock market go. Aside from a handful of stocks and financials most stock are down for the year. BWDIK Haim