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


To: LemonFlavor who wrote (1717)1/16/2001 1:20:37 AM
From: Dave Gore  Read Replies (2) | Respond to of 6445
 
Lemon, I have heard it on Neil Cavuto's Show and I believe on Rukheyser's if memory serves. It doesn't matter anyway as it is just the opinion (or wishful thinking), but makes sense to me. The Feds, I believe, need to have people doing at least relatively well in the Market or people get very defensive, stop spending as much, and the ecomomy struggles. I believe they also are looking to the Markets to see what it is saying about pessimism v. optimism. I agree with them if they think that 3400-3800 is fairly valued.

Also interesting is that Marty Zweig, who has been a bear forever, turned bullish the day the Feds cut. The guy has made some very good calls lately. Saw him on Rukheyser the other night.