OTCPK:ITMIF - Post by User
Comment by
Bdussyon Jun 02, 2000 1:24am
153 Views
Post# 2003985
RE: Overseas markets opened strongly
RE: Overseas markets opened stronglyI think the money on the sidelines won't really start to show up until after the June fed meeting. All this new exubriance in the markets now that the Nasdaq is recovering may be short lived. I believe many investors will still be "very shakey" just before the Fed meeting. However depending on the economic numbers, the Nas will teetor tottor. So I am going out on a wim here but, I'm guessing the Nasdaq will eventually retrace somewhat again, probably not below 3000 however, but after the Fed rate hike, and hopefully no more hikes in sight... the sails will be set to take the market higher, for good. Once investors get a wiff of what is going down at the Fed meeting.... I think you will see a lot of people jumping the gun to get in early before the Nasdaq takes off. Infact we may already see it occuring, however I think we will have some retracement in the near future (next 2 weeks). This ofcourse is my take on the situation... and I could be 100% wrong. But I feel its an educated guess. When exubriance becomes high in the market... be selling in the short term. When pessimism is high... get your dollars ready... you put your balls on the table and will be rewarded (90+% of the time) richly. It seems that going against the general consensus of the market is the most profitable way to play.... HOWEVER there are obviously many exceptions. JMHO Kudos. Trevor.