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


To: Judy who wrote (20656)9/25/1998 9:26:00 PM
From: James Strauss  Read Replies (1) | Respond to of 50167
 
Judy:

I'm in equities until Tues or Wed of this coming week, then I'm out again... A 1/2% rate cut is a double edged sword... It gooses the market but also warns of weakening economic conditions... The Coke earnings drop is indicative of a climate of reduced earnings growth...

In the final analysis earnings growth moves prices... Interest rates only provide the background climate... As such, I believe the market is in a general BEAR downtrend with some rallies along the way...

Jim