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Strategies & Market Trends : Sharck Soup

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To: American Spirit who wrote (33114)8/16/2001 6:10:01 PM
From: GREENLAW4-7  Read Replies (3) of 37746
 
WHY WE ARE NOT EVEN CLOSE TO NASD BOTTOM

AS I hate to burst your bubble, and rain on your parade my good friend but it at over until its over!

Do you follow these economic numbers? Look at them in perspective of the last 20 years...we are in DEEP DODO!!

I do agree many stocks look VERY CHEAP, the key word is LOOK cheap, but if you pull the cover off the earnings you will know the next problem facing corporate america is DEFLATION!

DEFLATION is worse the INFLATION because busniness's make less and less money on less goods!! Add that too OVER CAPACITY and you have the recipe of a NASD that should hit 1200 or less in the very near future!

I did not even bring up the issue of EARNING WARNINGS that are all ready starting!

Good luck my friend! Many will buy EMC at 16, JNPR at 20, CIEN at 19, and BRCD at 27 thinking they will bounce....................and they will bounce 2-4 points but that will just be meet w/ more selling and a faster fall!

I have done alot of research and stocks that are getting killed ARE NOT bouncing back! Yes there will be exceptions!

I look forward to your posts and find them very interesting, but its about time we all take a wider look at the whole picture. America is facing what I believe will be its most challenging period economically since the great depression of the 30's! I believe the bubble created from 97-2000 and will be blamed along w/ the fed for causing a BUBBLE/PHANTOM economy!
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