Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Robert New who wrote (8226)	11/26/2001 9:34:40 PM
From: Softechie	Read Replies (3) of 99280

Any catalysts like Y2K, internet, telecom, wireless, PC's, software upgrade for market to move up? Capital investment has dried up like Nevada dessert. IT spending got chopped good for 2002 and don't mention the cap-ex from telecom. The point is they're buying on hope of spending to pick up just like 2 years before Y2K. We had Y2K and internet and telecom all met in relative same point in time and boosted Naz to 5K in very short period of time. Now the bubble is bust and Fed has induced liquidity and forced the bonds into equities to make up the loss incurred in past 2 years. Fed is playing a very dicey game right now. Watch for market to correct itself and very soon. ps: Bush may get US into Iraq. How far will US go? Libya too?

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