Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who started this subject	9/19/2000 4:20:21 PM
From: oldirtybastard	Read Replies (1) of 436258

This garbage was sent out yesterday to people that get the Technology Investor rag. I guess he was right so far, but Mr. Newton will end up in front of the firing squad with acampoora and the rest of them one day: Dear Technology Investor Reader, Technology stocks will stage a nice rally this week. The market is presently deeply oversold. There are enormous monies sitting on the sidelines. These monies must be invested shortly – by the end of this month, which is the end of this quarter. Money managers are not paid to sit in cash. Latest economic statistics are excellent. Inflation is tame and being tamed. The consumer price index, the most closely watched gauge of U.S. inflation, fell 0.1% in August -- the first drop since April, 1986. Productivity for the second quarter rose at the phenomenal annual rate of 5.3% -- much speeded up over the first quarter's gain of 1.9%. Productivity has been propelled by strong technology purchases. Interest rates will thus stay steady. Latest earnings reports from technology companies are strong. Late last week, Oracle and Adobe reported excellent quarterly earnings. Both split, meaning their managements feel very positive about the future. Things have been squirrelly with markets recently. Since Labor Day, there has been little news – good or bad. Several Wall Street analysts have seized upon this dearth as a personal opportunity to achieve instant media fame with doom and gloom prophecies. The biggest short-term influence on stockmarkets is no longer earnings. It’s “market talk/rumor” – the publicity that child analysts achieve with strong statements reinforced with media appearances and today’s instant communications. CNBC reaches 100 million a day worldwide; The Internet 500 million. Please visit our website – www.TechnologyInvestor.com. Each morning we update it with information on the upcoming day in the market. Have a great weekend. Harry Newton Technology Investor Magazine HarryNewton@TechnologyInvestor.com

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