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To: Vitalsigns who wrote (50971)6/27/2001 2:52:16 PM
From: Nick Morvay  Read Replies (1) | Respond to of 62348
 
vs, Tor Star article saysBank of Canada not likely to follow US rate cuts cause of better econ. I was expecting .25 but it's already been factored in IMO so it should be no change regarding markets. I think you right, selloff overdone.



To: Vitalsigns who wrote (50971)6/27/2001 3:04:27 PM
From: Rocket Red  Respond to of 62348
 
Markets have no direction!



To: Vitalsigns who wrote (50971)6/27/2001 3:07:28 PM
From: John Paquet  Read Replies (1) | Respond to of 62348
 
We need not to wait till next week, Summer rally starts from here, I mean Dow 10400 to 12,000.

NT from today $12.50 to $30 or even $40.

Federal Ottwa shows great support.

Plus Fed has discerned that economy is looking good from here especially that AUTO, and Housing sectors, leading economy indicators.

As economy looking good, Fed need not ease another 50 basis points, 25 points is perfect.

Next stage of this market is good stuff are due to come, good earning reports.

Int rates cut cycle is near the end 5-6 or 7 times is sufficiently enough, strong economy is due to come so is corp earning, so is Dow, so is Nasdaq, and so is NT.

This is very simple.

John Paquet



To: Vitalsigns who wrote (50971)6/27/2001 3:23:43 PM
From: Stew  Respond to of 62348
 
Lots of sentiment . . . even (perhaps "especially") from the institutions.



To: Vitalsigns who wrote (50971)6/27/2001 3:36:01 PM
From: John Paquet  Read Replies (1) | Respond to of 62348
 
Two more market factors which are favorable in this cycle are:

1. Oil prices has gone down from $34-35 to recent $26.

2. Unlead gasoline has gone down from hecty hi to recent low,

3. CRB index way low, gold is below $280, there is no inflation in the US economy system.

4. Strong US dollars US dollar in near its hi at 118-120.

These are bullish market factors for Dow, Nasdaq and NT.

John Paquet