MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: David Lee Smith who wrote (4645)	9/25/2000 12:41:42 AM
From: bobby beara	Read Replies (1) of 19219

the whole wintel loco-motive has slowed and is no longer a bullet train, this is the biggest st drop in intel in it's history, bigger than the 87 crash. the pc business is maturing, these upgrades in processing power and operating systems are providing fewer reasons to drive corporate upgrade cycles, longer cycles means slower growth, i think thats why we are seeing p/e contraction, for msft i think the govt stuff is just an excuse. the hot money is now chasing the high growth networking and biotech areas.

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