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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets!
LRCX 142.62+2.2%Nov 21 9:30 AM EST

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To: Ian@SI who wrote (9442)2/5/2001 4:43:05 PM
From: WTSherman  Read Replies (1) of 10921
 
Ian, I like Kumar, too. But, this strikes me as little bit of trying to grab the falling knife. It certainly could be the bottom, but, the impact of all the external forces(reduced consumer demand, energy mess, etc.) is hardly clear, nor is the length or depth of the economic slowdown. All the analysts I see are more or less saying "don't fight the fed", as in the Fed can control what happens to the economy. This has been fairly true the past 8-9 years, but, has hardly always been the case.

My basic premise remains that the markets will wander lower until positive signs of an economic reversal are seen. Until then it will be various run ups and run downs as everybody tries to guess what's happening. Basically, speculation both ways.
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