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Technology Stocks : JDS Uniphase (JDSU)
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To: Tunica Albuginea who wrote (18468)2/13/2001 7:36:22 PM
From: jmanvegas  Read Replies (1) of 24042
 
Of course intermeeting moves are an option. Just look at the Jan 3 desperate move. The market is voting thumbs down.
No senator even remotely questioned monetary policy. They're only concerned about their partisan bickering over tax policy. The Fed is moving too slow and the Naz is feeling it. The Fed is going back to its old ways - a gradualist approach. That's not acceptable to shareholders in this moment in time The only thing that has held this economy up over the past few years is the productivity gains via tech companies. If the Naz doesn't recover soon, or if it continues to fall further, continued productivity gains for the foreseeable future (12-18 months) will be hard to come by. If that happens, the market will get creamed. AG must come to the rescue of the Naz. I don't believe any tech executive who says they can see out into the 3rd & 4th quarters of this year.

Lastly and most importantly, we haven't even come close to seeing the end of the power nightmares that we will be seeing by the summer. IMO, Wall Street is going to test AG's resolve and slowly dissolve the Naz into lower lows. Unfortunately, I'm long a number of tech stocks as well as you folks. I didn't like what I heard today at all.

jmanvegas
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