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Strategies & Market Trends : Guidance II -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (210)	3/2/2002 10:38:44 PM
From: DebtBomb	Respond to of 2077

The Tractor Jamboree So someone else will have to exercise some leadership for the S&P 500 to regain the 40 points separating it from the upper limit of its four-month trading range. The likely suspects are financials, Enron jitters permitting, and techs, which have also fetched significantly more in the recent past. The Nasdaq's fate rests largely with Intel (NASDAQ:INTC - news ), which will host a mid-quarter update Thursday evening. Most analysts expect the company to do little more than back its prior cautious forecast. Anything more than that, and the benchmark Philadelphia Semiconductor Index could easily blow past its six-month high; it's already not far below that peak after Friday's outlandish 11% romp. By the same token, any hint of weakness from the top chip maker could force the index to retrace that journey. Tech valuations continue to upset traditionalists, which is to say people who own very few tech shares. The true believers never cared and never will. That leaves only the momentum-chasing money managers to sweat the two-year anniversary of the Nasdaq's all-time high on March 10. biz.yahoo.com