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To: jhg_in_kc who wrote (589)5/15/2001 4:44:56 PM
From: Sully-  Respond to of 13815
 
Any thoughts??

How many more rate cuts can the market expect now? Earnings season is just about over with poor visibility for this qtr the norm. The NAZ has run over 30% from the lows. P/E's have inflated & many companies P/E's ballooned higher when reduced YOY earnings were announced.

FWIW, I'm bullish long term, but me thinks the market needs to take a breather..... perhaps test the lows..... with a higher low.... then some basing..... then a bullish turn.

BWDIK?

Ö¿Ö



To: jhg_in_kc who wrote (589)5/15/2001 7:06:49 PM
From: Sig  Respond to of 13815
 
<<<This day troubles me, when the fed talks and nobody listens...very unusual, no buyers coming in.
any thoughts, anyone?>>>
The Fed, by doing exactly as the majority expected has demonstrated they have a powerful voice and (true or not) control of the situation which is very comforting to investors.
So unless we get some very bad news, the market can respond to individual stock issues and values
more than to the fears of reproducing a '29 or '87 situation.
. I would expect far less volatility on the downside, but some major wins on the upside (as long as Greg and Donnie keep buying)G), since nobody forgets the tech potentials.
The overall market may drift either way, but IMO with the right stocks it seems a much safer playground
All we need now is a list of the "right" stocks.
Sig (studying to become a market analyst)



To: jhg_in_kc who wrote (589)5/16/2001 5:54:52 PM
From: pbull  Respond to of 13815
 
Price of gasoline at the pump dropped 10 cents today where I live, down to $1.59. One day doesn't mean much, but the trend is your friend, and if indeed gasoline prices have topped and are headed lower, that is a huge, huge plus for corporate profits going forward.
Much more important than Mr. Greenthing, in my opinion.

PB