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TechStockMania.com | |||||||||||||||||||||||
6/22/99 UPDATE | |||||||||||||||||||||||
The Inflation epidemic showed signs of weakness as May's Consumer Price Index only rose .1%. This welcome news combined with Fed Chairman Greenspan's hints indicating only one interest rate rise was likely, reinvigorated the Market Leading Technology Companies. Congratulations to those who recently bought Market Leading Technology Companies like AOL or Microsoft (recommended in last week's update). It's an intersting time in the market right now. Most of the leading companies have recovered significantly from their lows. The July earnings season will start soon. It's likely the earnings of the Market Leading Technology Companies will at a minimum meet, and more likely exceed Wall Street's expecations. If they exceed expectations, expect a summer rally to reward investors and send the bears back into hibernation. For those with a real long term outlook (greater than 5 years) you may still buy the Market Leading Technology Companies right now. However, for those of us who have shorter time horizons, be patient. You will get another time to buy when the market corrects again, as it always does. |
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News Links: Market News From Yahoo Tech News From Yahoo Tech News From CNET Net News From Yahoo |
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E-mail me at: TechStockMania@Geocities.com | |||||||||||||||||||||||
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