VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (35078)	3/31/2001 8:53:51 PM
From: Voltaire	Read Replies (2) of 65232

Hi Scott, boy, Maryland beating hell out of Duke. Definitely a depression on the NAZ. Can only turn when expectations are lowered to the point that companies can hit them. Macro dynamics have a little to do with it but the data does not back that up. The scam simply has to be played out and it starts with companies making their projections and the Houses are trying as hard as they can to do their part. What is driving the Houses crazy is they never thought they would have to go so low. I know it really pisses people off including me to see the Houses keep downgrading but if they don't, it will never turn. The CEO's know this also. That is why you see Chambers, Grove and others making the pessimistic remarks they do, has to be done. V

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