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Strategies & Market Trends : Roger's 1997 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: ItsAllCyclical who wrote (6629)11/7/1997 8:19:00 PM
From: Jon Tara  Read Replies (2) | Respond to of 9285
 
Jim, I think we are going down, and not just on Monday.

The Intel divergence is crazy. Intel down, other techs up. Intel up, other techs down.

There was some severe damage done to the storage sector today. Will check tonight to see what else was affected. I suspect semi equipment is in trouble again too. That is going to drag semis (including Intel) with it.

I think we will at least have a meaningful test of the low.



To: ItsAllCyclical who wrote (6629)11/8/1997 10:48:00 AM
From: Alec Epting  Read Replies (1) | Respond to of 9285
 
I see the market going down Monday. The .5% payroll increase is 6% annualized, higher than the inflation rate. It was not fully taken into account Friday. I believe the payroll increase will either cut into profits or cause inflation if the Fed doesn't raise interest rates first. The turmoil in Asia is also spreading to South America.


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