Whether the catalyst was the cessation of tax selling or just a rally from a truly depressed area, the Nasdaq is attracting some bargain hunting. I would suggest stocks were over discounting shorter-term problems that have already been announced.
Whether the catalyst was the cessation of tax selling or just a rally from a truly depressed area, the Nasdaq is attracting some bargain hunting. I would suggest stocks were over discounting shorter-term problems that have already been announced.
This administration is seen as being very pro-investment, whereas Kerry is seen as wanting to rewrite the rules -- on capital gains, tax cuts on the wealthy, certain business regulations. I think, for market psychology, that would be damaging.
Enron is providing the counterforce right now. It's undermining a number of industries such as utilities, banks, insurance and energy companies.
This divergence that's developed over the last 12 months, has clearly been the widest I've ever seen in all the years I've been in the business.
© 2020 Inspirational Stories
© 2020 Inspirational Stories