Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jeff Jordan who wrote (118332)	12/6/2000 3:45:30 PM
From: Lane Hall-Witt	Read Replies (2) of 120523

JJ: I really don't think today is about politics. There's been fear about earnings all day. HWP guided up, and the market doesn't believe them. AAPL's warning was a horrible nightmare: missing revenues by more than 40 percent? Look at INTC! And BAC hurt terribly because it punctured the balloon in the financials and reminded the market that there's a lot of shaky debt on the books out there. The Fed's looking to unlock the credit markets, but who do you lend to when the companies looking for capital are already overleveraged?

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