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Cymer Inc. Message Board

  • richydtx richydtx May 11, 2001 11:44 AM Flag

    .5 or no, what do you think?

    University of Michigan Sentiment reading for May was well above consensus estimates. This is good for the economy yet market hasn't responded so well, perhaps because some are beginning to doubt a .5 basis point cut next week. I agree with earlier posters that a .25 cut could be devastating for market near term yet this positive economic data makes it easier for FED to justify less aggressive approach. Just a little worried.

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    • A change to neutral bias would also cause a big dump. In the last two days, I've gone from 0 to 45% cash, and it may even reach 60% by the time I'm down to my "core" holdings. Most of the sales have been in chip equipment stocks, including Cymer. I'm inclined to believe the CSFB outlook for unexpectedly slow going in the next few months, even if Fed easing continues. Unless something radical changes, I won't look to dive in big until after next warning season in late June. BTW, I've seen comments on other boards, calling the MS upgrades yesterday as classic pump and dump.

    • Hi richy!

      I believe that the stock market is "climbing the wall of worry." There will be setbacks (pullbacks) along the way. However, the general trend is up. That's my opinion!

      Gariver911

 

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