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Non-Tech : DuPont (DD) -- Ignore unavailable to you. Want to Upgrade?


To: TwoBear who wrote (74)4/21/1999 12:43:00 PM
From: James F. Hopkins  Read Replies (1) | Respond to of 109
 
I'm short all Chem & plastic type stocks, via a basket
most had a recent run up DOW Uk etc..as last earnings look OK ,
But it shows how dumb the analcyst are, the earnings were
helped to a large degree because crude was cheap but
looking forward that's not going to be the case.
They use a lot of crude as raw stock in the Chem industry so
cost will go up, not just the raw stock, delivery cost will go up as shipping is tied to the price of oil also.
When the market figures this out the chems will fall like a rock.
To top that off I see some odd things going on in the market
MSFT with good news is down today even as the NAZ goes up
this don't make sense. So what is it that big money knows ?
I expect it's a rate increase coming by the FED and some news
has leaked out, small caps rally as money comes off the table
in the BIG caps..bad weather is ahead.
Jim