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Pastimes : Home on the range where the buffalo roam
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To: mishedlo who wrote (12388)4/6/2001 11:51:32 PM
From: pbull  Read Replies (1) of 13572
 
Just briefly, let's look at C. The Fed is in aggressive easing mode, and this "rate-sensitive" issue is nearing a new low.
In the financial sector, there are dozens of players that have weaker fundamentals than C. So, which one is going to go down the most? Of course, I don't know.
And in tech, it's even better to still be a bear because, what no one _ no one _ that I know of has said, yet, is that a whole bunch of companies are going to "restate" their previous earnings. Not just guide lower. Restate.
And lose all credibility with the Street.
And their stocks will go to single digits. Or worse.
Inevitable. Just inevitable.

PB
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