VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (38249)	6/27/2001 12:34:34 PM
From: limtex	Read Replies (1) of 65232

JW - All three main areas are now in recession. This recession involves mainly but not exclusively the tech sector whcih weas the main growth engine for the last five years. The warnings are now reductions of 30%, 40% and 50% of the sequential revenues/ earnings. These are massive. When has there ever been reductions in business of this level? Business is simply evaporating in front of the eyes of managments, vid. XLNX who only three weeks ago confirmed they were on target and yesterday they warned. The sales just evaporated. Whatever we are seeing it isn't anything like any previous market collapse except 1929. Mr G targetted the NAZ last year and got everyone from the Bond Babe on CNBC etc worked up about 'drum tight' labor markets and non-existant inflation. Most people didn't get wiped out in the crash in 1929 they got wiped out two andthree years on trying to get in at the bottom. Of course we now know it didn't recover for nearly 30 years but then they didn't know it. It is a nightmare that many investors have been living with for years that one day you wake up and you are in a 1930s situation.......the nightmare isn't a nightmare anymore my guess is that it's here. Mt G must now be delighted that the NAZ doens't cuase him any more worries. Best regards, L

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