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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 (1743)1/16/2001 9:23:58 AM
From: LemonFlavor  Read Replies (1) | Respond to of 6445
 
Thanks Dave. It sounds a little strange to me. I haven't been watching Wall Street Week lately. If the Fed really did want 3000 soon they would have to do .50 next meeting.

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.



To: Dave Gore who wrote (1743)1/16/2001 12:29:09 PM
From: Gone to Money Heaven  Respond to of 6445
 
WSW said Marty Zweig went bullish on Dec 22 I believe.

I also think they said he had been neutral for some huge
number like 102 weeks.

Zweig's sentiment index was down at 10 which is a very low
number (bearish Mag. covers, etc)