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


To: Saulamanca who wrote (75878)4/24/2001 4:31:42 PM
From: el paradisio  Read Replies (1) | Respond to of 99985
 
Long term interest rate is still high and does not reflect the rate cut...very negative action on DELL today, may take it back to 20.
Thursday WCOM release....closing today was very weak.

Regards,
el



To: Saulamanca who wrote (75878)4/24/2001 5:06:03 PM
From: gc  Read Replies (1) | Respond to of 99985
 
Earning season is about over. No catalyst ahead. I am afraid market will drift lower and lower.



To: Saulamanca who wrote (75878)4/24/2001 5:26:36 PM
From: Doug  Read Replies (2) | Respond to of 99985
 
J.B: The NAZ is immune to rate cuts for 4 reasons:

a: Capital spending slow down which is beyond rate cut stimulation.

b: Disposal of Inventory build up.

c: Due to declining market , price wars are foreseen causing a further squeeze on margins.

d: Current Technology revisions are not a compelling necessity in terms of return for investment .