Date: Fri Apr 22, 2005 5:55 pm
The month of March and April has seen a flurry of economic news which havebeen weak. July - August 2004 was a similar soft patch, the markets fell andthen fully recovered. July-August though was accompanied by poor earningsand the earnings thus far have been good. Consumer and companies could gettired of spending too much and tend to take a break from the spending. Ifthe current slowdown is anything like the one mentioned above then we mightrecover soon. If not then we will be in new support levels.
Technically the market has broken important levels to the downside so surelythat is bad news.
A good place to be is Big caps and I can see several big caps that are wellpriced. QCOM, CMCSA, WMT wallmart. All these stocks have gone down recentlyand seem like good buys.
