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Technology Stocks : All About Sun Microsystems
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To: High-Tech East who wrote (44347)8/2/2001 4:55:14 PM
From: QwikSand  Read Replies (2) of 64865
 
U.S. investors will realize during the Q3FY2001 earnings reporting period that economic recovery will not only not happen in Q4, but that we may not start to really turn the corner until the beginning of Q3FY2002 (which starts next July 1).

I certainly have no way to assess or comment on your individual stock targets, but I agree with the general spirit of the statement above, if not the dates (why Q3CY2002? why not Q2CY2003?). I think we're in for a big pothole when consumer spending collapses suddenly and we get another round of warnings from corporations. I think we'll be a lot worse off a year from now, not a lot better. The market can only treat bad news as "the bottom" for so long.

I continue to be amazed that just about every talking head I hear on TV or read in mass-market print media (i.e., not Alan Abelson) is still spouting the same "recovery's just a quarter or two away" drivel that they were talking in Dec. 2000 and every day since then. I've heard the sound bytes that say "Fed cuts usually take six to nine months to work their way through the economy" and "Fed cuts usually take nine to twelve months to work their way through the economy", and "Fed cuts usually take about a year to work their way through the economy." I'm waiting for the one that says 18 months, which I expect to hear any day.

But it might all be fixed miraculously overnight by Windows XP...I cling to that hope.

--QS
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