Wednesday, June 21st, 2006
Tech and resources to lead rally
Garrett Van Wagoner of VanWagoner Funds says he expects a strong rally when the fed stops raising rates. Leading the charge will be technology and metals/mining:
“We think once we get the ‘all clear’ signal from the Fed (which could be as early as the June meeting, though probably more like the August meeting) the markets should surge ahead. The former leadership areas, the technology and metal/mining sectors, will probably be the leaders given global economic wealth will be increasing and those groups generally do well in that environment.”
But Barry Ritholtz reminds us the old stars of previous bull markets don’t tend to lead new ones.
Word Count: 102. This entry was posted on Wednesday, June 21st, 2006 at 7:40 pm and is filed under Market direction. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
