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International Business Machines Corporation Message Board

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  • highonblue highonblue Sep 15, 1999 2:56 PM Flag

    Tek,hionblue,Doc,Zero, is it

    the market in general or just IBM. I guess I'd
    say NO to both. You're no doubt going to see a
    downturn in OCT.....it's a seasonal thing. This year may
    be slightly better or slightly worse depending on
    how these earnings for 2nd quarter start looking.


    HOWEVER, in general EVERY OCTOBER...money comes out,
    prices go down....earnings come out.....people got money
    in their pockets looking for bargains, prices go
    back up....Holiday season around the corner....yada
    yada yada. Market ends up the year higher.
    Don't
    look for anything different this year. Things have
    basically been flat since May. Don't expect Greespan to do
    anything to upset the year end....too many other issues to
    deal with, could send the market into a death spiral.
    It's just my opinion of course....but then you asked.

 
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