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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: QwikSand who wrote (39614)	12/22/2000 11:51:00 AM
From: Charles Tutt	Respond to of 64865

This morning's (I hope later today I can say "today's," but one never knows lately how long these things will last!) rally makes a nice change from the recent past. I've decided to be in a good mood and identify a few positives that don't seem to be getting much attention: 1. Oil prices have moderated. That helps us by lowering costs generally, but also by making the movement from tech stocks to energy stocks less attractive. 2. The Euro is rising. Someone else (perhaps Ken) mentioned this earlier and I said I didn't see it happening, but now I do. That helps boost U.S. exports by making them cheaper in foreign currencies, but also (and probably more quickly) makes repatriated earnings from overseas worth more in U.S. dollars. 3. Stocks are a LOT less pricey now! I'm sure everybody has noticed this. 4. I can even see a silver lining in the way the Fed has held interest rates up. By doing so, they have in effect "kept their powder dry," so they now have a great ability to lower them. Had they lowered earlier, or raised less, they might have been near zero by now, and it's hard to go below zero (just ask the Japanese). 5. Surely margin levels must be down, and cash levels up, after such a whacking. The continuing low unemployment rate means 401-K money should still be flowing, many will get year end bonuses despite the market, and it's IRA time. I suspect short interest is up. All of these can contribute to buying pressure. ... and one that's getting a lot of attention: 6. Interest rates may be falling soon. I expect Sun to be a leader whenever the current funk ends. JMHO. Charles Tutt (TM) Thanks for the card, Mephisto!