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 : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (74026)	4/3/2001 5:27:53 PM
From: Les H	Read Replies (1) \| Respond to of 99985

The actual inflection point may be Q2. I see the earnings estimates for homebuilders have started to turn down. They've had about as much help from cheap Canadian lumber and lack of resale inventory on the market. If more homes are placed on the market this spring, that should be the turning point.

To: Haim R. Branisteanu who wrote (74026)	4/3/2001 6:40:59 PM
From: High-Tech East	Read Replies (1) \| Respond to of 99985

<<I speculate that the FED will act by Friday>> ... and if/when that happens, we rally for two or three days, maybe, then back to business as usual with lower highs and lower lows - followed by new lows dating back to 1997 or earlier ... ... you think, Haim? Ken

To: Haim R. Branisteanu who wrote (74026)	4/5/2001 12:59:36 AM
From: Psycho-Social	Read Replies (1) \| Respond to of 99985

Re Possible Fed Action on/near Friday: I agree there's a possibility, perhaps 33%. Rationale: Both the S&P and Nasdaq are draining wealth from investors. Although the Fed doesn't want to act merely to rescue investors, it has indicated it will act if economic data reflect a negative impact from Market losses. I track Initial Claims for Unemployment to gauge the economy's performance, and there's been a divergence between ICU's and the Monthly Payroll stats recently, with ICU's showing an ever weakening labor market. This month's Employment Report may close that gap, with a report of little or no job growth. If it does, there's a good chance of .25 or .50 reduction in the Fed Funds rate. That, in turn, could spark a short term rally. With my sentiment indicators showing substantial bearishness, it might be worth a significant $ commitment on Thurs at the close, say 20% of $.