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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Jim Spitz who wrote (29620)6/27/2001 12:10:58 PM
From: Electric  Read Replies (2) | Respond to of 37746
 
Jim,

Look at the trend the last year, we sell off into the warnings period and rally when companies beat the lowered estimates. I see a move higher the next few weeks.

Did you get any FIBR the other day? I bought at a little under 10, I see the teens on it maybe more..

I agree with you on the global issue, when the FED is done we will start to price that in, and will be a possible reason for a leg down..but after we rally into and through earnings.. If you look at a COMP or SPX chart and observe around warnings and earnings, notice a big rally a week into earnings, that places us around the 2nd week of July..



To: Jim Spitz who wrote (29620)6/27/2001 12:42:50 PM
From: Lane Hall-Witt  Respond to of 37746
 
I agree, Jim. The global situation is a mess. Japan, Argentina, and Turkey are near-disasters; the latest Conference Board surveys for Germany, France, the U.K., Korea, Japan, and Mexico were all negative. Did you read yesterday's Wall Street Journal piece on the Daewoo CEO, literally begging government officials and other corporations to buy Daewoo cars and hire employees that he has had to lay off? There's just too much debt and productive capacity out there -- the product of our already-bloated money supply. Is it really going to help to pump more money into the economy? Are we finally going to learn that Gutenberg did not in fact solve all of our economic problems when he invented the printing press?