The market after 7/7
(2005-09-10 17:26:27)
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The market after 7/7 London Bumbing was controlled by some funds with government background. They are still in the market, so, the rebounce cannot reach new high, neither big fall down this week even though the economy situation is really not good. Short-term swing ( 3-day cycle)traders will be the winers. In long-term (2 to 3 months, DOW may see 10K and NAZ may be lower than 2K. Do not beleive long-term investment!
Now the MMs want people believe the Katrina disaster do not influence to hi-tech companies. They used these kind of stocks (e.g. INTC, TXN, CSCO,...)to hold the market, but they keep selling others! The disaster really has no influence to hi-tech stocks? We will see the results shortly.
Always be careful!