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Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (15156)5/14/2004 9:13:19 AM
From: michael97123  Read Replies (1) | Respond to of 95814
 
CNBC tidbits today

1. alexis glick--heavy hedge fund put buying in the qs
2. Jack the trader--S&P needs to hold above 200dma at 1075 and then it will lead the market higher
3. Bear Stearns analyst says market afraid fed behind the curve but also said an interim hike would start a panic based on fears of inflation given yesterday and todays number. He expects 1/4 point in june. Says markets are calling for 3/4. Leads me to believe 1/2.
4. Panel says we have 6 weeks until 6/30 and without positive development somewhere markets are fearful of inflation and unknown rate increases now that the fed failed to take action last tuesday .

Guess hedge funds are making the bet that 1075 wont hold and the naz will get clobbered. I am still waiting for the one good piece of news, whether economic or political, that will give this market impetus and start the great unwinding of these put positions.