Ram: Everyone seems to be cautious these days. The pricing power may be eroding. The inflation is in check, according to Greenspan. Productivity gains have gone the full course. Job cuts, pay cuts seem to be the only way for some companies to shore up earnings that the street expects to see. In short, yes, it looks dismal, at this point in time..
Agreed. I long ago wrote off this year as being the year we see any improvements. The problems within the economy are too fundamental to be immediately impacted by the large, blunt Fed weapon of rate cuts. Indeed, even here at the half-way mark in 2001 still the corporate world can give no guidance (uuuhhh, excepting some market sectors) at the best of times, and bad most of the rest of the time (see todays Sun & Alcatel news). The economy, and the market, is struggling at the low end of the trench. I expect it to continue like this for pretty much the rest of the year.
Indeed, historically speaking the market does poorly through summer/fall. Even so, all things are still bouncing within their individual ruts, so as long as you can track you particular equities closely there're ample opportunity to make (and lose should you get on the wrong side of the curve, heh) some money, trader-wise. ;-) Indeed, such as JDSU, KEM and ARXX (to name but 3 I track closely for traders purposes), appear set to yet AGAIN visit their low end. If so you can make some good intra-week, if not intra-day, coinage.
As for VLNC...well....no news...market earnings season angst once again upon us....hmmmm....let's see if it can hold here at $8.3. If not I'll look to re-establish another traders position in the low $7's although I have to admit to watching it closely because TA is showing a head & shoulders formation occurring. If true it could return to the mid $6's before stabilizing. It's all up to the level of market angst and VLNC management.....
Regards!
John~ |
