Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Olu Emuleomo who wrote (3028)	11/14/2000 3:51:34 PM
From: GST	Respond to of 57684

Olu: As much as I appreciate technical analysis, there are times when it just does not dominate the markets motion. At this point, the market has pretty much priced in higher oil prices, slower economic growth (no recession), and some political uncertainty. Valuations in many places are still way too high, but the stage is clearly set for a reversal of fortune for many stocks. The Fed could turn the tide tomorrow by going to neutral. The politicians have all effectively neutered themselves -- which is good. And the economy is not likely to fall prey to higher oil prices barring war in the ME -- still a risk. Conclusion? Ignore the charts, its time to do a little buying. Good luck.