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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (168044)4/18/2003 1:37:07 PM
From: Tenchusatsu  Read Replies (1) of 1574061
 
Ted, <Why is that?>

I don't have nearly as much experience in the market as Cramer does, but I think the valuations of this market are still high. The only thing that can sustain such valuations is for earnings to grow and meet the valuations already priced in. Even with announcements beating expectations, I don't see enough of a growth going forward to justify a new bull market.

Of course, I may be too focused on tech stocks, especially BRCM, so my point-of-view might be too narrow. But I agree more with the TA guys who think options expiry played a major role this week along with earnings.

Tenchusatsu
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