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  Today's Market (Page 20)

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Author Topic:   Today's Market
uncleharley
posted 03-31-2000 07:18 PM     Click Here to See the Profile for uncleharley      Reply w/Quote
It looks like the Dow and the Nasdaq are in an 8% to 10% trading range. Perhaps things will stay that way until the fed is happy that economic growth has slowed. I hope growth doesn't slow too much.

InvestorGuide Daily
Administrator
posted 03-31-2000 06:22 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
The Nasdaq closed up 2.58%, breaking a four-day losing streak as bargain hunters snapped up chip makers, software firms and telecommunications equipment cheapened by a week-long sell-off. (source: CNNfn)
http://cnnfn.com/2000/03/31/markets/markets_newyork

InvestorGuide Daily
Administrator
posted 03-30-2000 07:35 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
The Nasdaq fell for the fourth straight day as investors, unnerved that technology stocks have become too expensive, dumped the year's best-performing shares. Cisco, Qualcomm and JDS Uniphase, all up more than 60% this year, retreated. But, it could have been worse as the tech-heavy index was down nearly 300 points less than an hour before the close. (source: CNNfn)
http://www.cnnfn.com/2000/03/30/markets/markets_newyork/

KeithG
posted 03-30-2000 05:12 PM     Click Here to See the Profile for KeithG      Reply w/Quote
I am disturbed along with JHirsch here. Today, people were saying that people were selling the "high fliers" at the end of the quarter, which was exactly the reason given for people snapping up the Ciscos and Intels on Friday (I think it was friday). I guess if anyone ever actually figured out the Random Walk, we wouldn't have it anymore--basically, you have to wonder why you should listen to anyone.

KG

netinvestor
posted 03-30-2000 04:05 PM     Click Here to See the Profile for netinvestor      Reply w/Quote
The Nasdaq was Waaay down earlier in the day but it jumped back at the end of the session to only end down 4%. It had been down nearly 6% around 3:30 or so.
Is this the pullback that we all thought was happening a few weeks ago?

InvestorGuide Daily
Administrator
posted 03-29-2000 07:25 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
The Nasdaq fell for the third straight day, posting its third-biggest point loss ever, as investors swapped high-flying technology leaders for beaten-up oil producers, retailers and consumer-products makers. (source: CNNfn)
http://www.cnnfn.com/2000/03/29/markets/markets_newyork

JHirsch
posted 03-29-2000 04:26 PM     Click Here to See the Profile for JHirsch      Reply w/Quote
quote:
Originally posted by InvestorGuide Weekly: The phrase on everyone's tongue on Friday was "window dressing." Analysts also feel that with another Fed meeting and rate hike out of the way, investor confidence is back up. (source: CNNfn)

I find it ironic that is was as recent as friday that 'analysts' felt that investor confidence was back up. Today and yesterday analysts were giving investors reasons to worry and, as bobcobb and gatsby mentioned, investors drove down tech stocks. There are analysts that analyze the markets from both sides... why should we listen to any of them?
Jake

bobcobb
posted 03-29-2000 04:04 PM     Click Here to See the Profile for bobcobb      Reply w/Quote
gatsby, I agree, but in this case the mob is moving in the right direction. Tech stocks nearly got reeled in a few weeks ago, and maybe now it'll happen for real.

gatsby
posted 03-29-2000 11:14 AM     Click Here to See the Profile for gatsby      Reply w/Quote
"It's bizarre," said Peter Boockvar, equity strategist at Miller Tabak. "I think the Abby Cohen news was a short-term reason to sell off. But her allocation is back where it was prior to last year. It's a nonevent."

As always with the market, mob rule prevails. Every day it's clear that more and more people, rather than doing their own market due diligence, seem to act impulsively from single actions (ie see the biotech news from the past couple weeks).

InvestorGuide Daily
Administrator
posted 03-28-2000 06:30 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
Pundit Abby Joseph Cohen, one of Wall Street's best known prognosticators, led the markets downward by reducing her positions in the stock market and advising others to follow suit. Cohen, an investment strategist at Goldman Sachs, also warned about owning too many technology shares at the expense of other sectors; in response, the Nasdaq fell by triple-digits and the Dow dropped below the 11,000 mark. (source: CNNfn)
http://www.cnnfn.com/2000/03/28/markets/markets_newyork/

InvestorGuide Daily
Administrator
posted 03-27-2000 06:33 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
Microsoft was the weight on the shoulders of today's markets. Shares of the software juggernaut fell in advance of a judge's antitrust ruling, weighing on every major market index. Strength in other technology companies helped keep the Nasdaq near par while the Dow tumbled 87 points. (source: Washington Post)
http://washingtonpost.com/wp-dyn/business/A23434-2000Mar27.html

InvestorGuide Weekly
Administrator
posted 03-27-2000 11:23 AM     Click Here to See the Profile for InvestorGuide Weekly      Reply w/Quote
The phrase on everyone's tongue on Friday was "window dressing." Tech stocks were higher as institutions snapped up shares of the highest flyers in anticipation of the end of the first quarter's close next Friday. Analysts also feel that with another Fed meeting and rate hike out of the way, investor confidence is back up. (source: CNNfn)
http://www.cnnfn.com/2000/03/24/markets/markets_newyork/

InvestorGuide Daily
Administrator
posted 03-24-2000 07:22 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
The Nasdaq rose for the fourth time in four days, lifted as money managers bought the year's best-performing technology stocks five days before the end of the quarter. However, the Dow was down on the day and all major indices were well off their intraday highs. (source: CNNfn)
http://www.cnnfn.com/2000/03/24/markets/markets_newyork

bobcobb
posted 03-24-2000 01:52 PM     Click Here to See the Profile for bobcobb      Reply w/Quote
so now the nasdaq is returning right up near all-time highs. What is an investor to do?
Wait for the next inevitable crash.
Investors seem all to have ADD (attention deficit disorder). Once something happens they forget about it and move on to something else... without much regard for the long term. They see a flashy stock and get mesmerized by what an analyst says.
They buy it in large quantities until they see another shiny object somewhere. That makes it awful hard to be a buy and hold investor... or at least it makes it more nerve wracking.

InvestorGuide Daily
Administrator
posted 03-23-2000 06:24 PM     Click Here to See the Profile for InvestorGuide Daily      Reply w/Quote
The renewed possibility of a settlement in the Microsoft case (see below) lifted all the markets higher. The Dow soared above 11,000 for the first time in six weeks. The surge in Microsoft and a boost in GE's stock pushed the S&P 500 index of large company stocks to another record close, and the tech-heavy Nasdaq composite index rose for the third straight session. (source: CNNfn)
http://cnnfn.com/2000/03/23/markets/markets_newyork/

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