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Technology Stocks : EMC How high can it go?
EMC 29.050.0%Sep 15 5:00 PM EST
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To: hamsandwich who wrote (12585)4/11/2001 10:57:44 AM
From: JakeStraw   of 17183
 
>>How can Joseph justify that?

"A closer look at Joseph's reasoning behind the upgrades is less convincing, however. He does not see fundamentals improving. He does not say orders will get better. He does not say spending will pick up significantly. He simply says the sector cannot get any worse, so stocks will recover. "Conditions at many of our companies are the worst that even old-timers, who have been through scores of downturns, have even seen. If it cannot get worse, it will get better. If it gets better, the stocks will begin to reflect that."
thestreet.com
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