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

To: Michael Rich who wrote (14068)11/12/1997 2:47:00 PM
From: Gaston Teran  Read Replies (1) | Respond to of 50167
 
BRIEFING.COM says:
"14:30 ET Dow -75, Nasdaq -23, S&P -8.26: In a bad sign, market has taken the good news of no change in Fed policy as another opportunity to sell...this reflects persistent underlying concerns...if bad news does come, such as is possible with PPI on Friday, market reaction could be even more severe...bonds show little reaction to Fed announcement."

I tend to go along with this type of thinking. I don't plan to buy before PPI, I can't take that type of risk.

Gaston



To: Michael Rich who wrote (14068)11/12/1997 2:54:00 PM
From: Judy  Read Replies (1) | Respond to of 50167
 
Mikey, there's no hurry to go long, let the stocks come to you. TXN at 110 was not attractive, TXN at 92-95 one might nibble depending on one's market outlook.

HWP, I'll look at later. Prudent to wait until earnings in another week or so. Techs are not going to recover fast. No snap-back rally. Maybe no relief rally until after Friday. Let's see.


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