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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (1623)	1/12/2001 2:00:57 PM
From: JakeStraw	Read Replies (1) \| Respond to of 6445

Dave, Next week a whole lot of tech companies report earnings like: AMCC, INTC, AAPL & IBM to name a few (see - thestreet.com. ) The market sure shrugged off comments from CSCO, but will the market react the same way next week when there is bound to be a lot of weak reports?

To: Dave Gore who wrote (1623)	1/12/2001 2:49:17 PM
From: Lane Hall-Witt	Read Replies (1) \| Respond to of 6445

Dave: I've certainly been suspicious of this Nasdaq rally because it denies the extremely tough fundamental condition of the economy, near-term -- and I think it would tank quickly if the market starts to believe that the Fed won't lower rates again at this month's FOMC. That said, the trading action has looked solid, even today. I see far more buy-the-dip exuberance than sell-the-rally fear. CIEN's performance today has been amazing. ITWO, which is down on the day, has actually had buyers come in quite consistently on every pullback. And look at the rally in the small-caps! The hedgies are speculating again, which I think means that we're going to see more money in circulation. But it all still depends on the Fed. If Greenspan pulls back the punchbowl, the markets will lose heart and reach new lows. I believe Greenspan will remain market friendly, and so I'm cautiously optimistic right now. If the market tanks next week for no good reason, though, it certainly won't be the first time! If there's one thing we've all learned about the Naz, it's that it can turn on a dime. <G>