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.

Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (40136)	7/6/2001 1:34:00 PM
From: James Strauss	Read Replies (1) \| Respond to of 50167

Ike: The SPX chart doesn't offer much support below 1200 until you reach the 1150 area... Even there, there's room for another tumble to the 1100 area... bigcharts.com I agree that the latest employment twist begins to put cold water on the hope for a third Qtr recovery... While I'd like to see it, the threat of more layoffs eating into the consumer confidence numbers would seem to push a possible recovery out into the last month of the fourth Qtr at best... The bulls could argue that the market should anticipate this with a rally this summer... The bears could argue that rising unemployment could create a cycle of reduced consumer buying which would lead to more layoffs in the manufacturing and service sectors which would lead to more layoffs... Since none of us knows what will happen next, a conservative stance is advisable at this time... Jim