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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	1/23/2002 5:45:18 PM
From: mish5000	Read Replies (2) of 37746

Been observing some of the Earnings reports from the last few weeks and I am not impressed. BRCM...MKT cap of $11 bill...13 xSales...no profit in sight ....sequential growth projected at best 3% going forward....WHO U KIDDING? Sure, companies are meeting expectations but so what? Estimates have been reduced by 50, 60, 70% so they damn well ought to. This market is doomed. We are still living in a huge equity bubble that one day is going to collapse so hard that most non-astute investors will be wiped out of the markets permanently. With the dawn of the internet, I have decided that there is no point to fundamentally analyse a company anymore. No one gives a damn about fundamentals. This is a 99% technically driven market period. As long as Trash like EMLX, BRCM, and VRTS have market caps in the billions then we shall forever be searching for a market bottom. New lows in the COMP to follow.

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