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Abbott Laboratories Message Board

  • snugly60031 snugly60031 Mar 2, 2005 10:56 AM Flag

    OT: Fed Rate Hikes and the Tech Rally

    IMO minor pullback this AM is just nervousness over Greenspan speaking and maybe some profit taking, and a buying opportunity. I still believe that techs, particularly semiconductors, are going higher near term. The tech rally should be relatively immune to the rate hikes, since that is borne out of capital spending by business to enhance productivity and also to replace aging equipment bought during Y2K bubble. As I post this I see that the markets are quickly coming back from earlier dip. Good luck to all except shorts in stocks I own, especially ABT!

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