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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: pompsander who wrote (29271)	10/2/2001 12:30:23 PM
From: Jdaasoc	Respond to of 30051

I think my negative remarks are focused on large cap techs which have been overly affected by air freight interruption and Typhoon Mary beyond any assumed woes from US recession and war related fears. RE inflows into stocks it is not going into techs with the exception of MSFT. Most fund managers are puting money to work in more defensive issues like banks, consumer non durables and large cap multinationals like GE. If 11:30 todasy is not high for day, I will apologize profusely. I am basing it on previous 7 rate cuts announcements which led to quick selling. Only the first one led to immediate buying. john Afghanistan situation hard to factor in. If it end quickly like you say, things go up. Ff not settled quickly, things go down. Any comments to disprove my opinion that unemployment doesn't reach 5.5-6% if Afghanistan is not settled by spring. I am seeing code words in NJ want ads "job requires knowledge of English" for carpentery, masonry and roofing. Immirgrants laid off do to terrorist backlash will require social services. It is reallly masking real lack of creation of jobs in US IMO.