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Technology Stocks : Nortel Networks (NT)
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To: hdl who wrote (11674)8/30/2001 11:41:55 PM
From: OrionX  Read Replies (2) of 14638
 
hdl,

This market has no logic! Just like there was no logic to the panic buying last year, there's no logic to the trouncing many stocks are getting. Too much FUD dosed daily, in many cases by the same people who promoted the sky's the limit last year, has reached such a ridiculous level that the market is a complete joke. Just look at how last week's comments from Cisco turned the market upwards, yet one day later, where nothing in the markets had changed, the downward pounding started again. Blame part of the market behaviour of the last couple of years on junior fund managers that don't know the definition of long term investment. In my view, Buffet will outlive and outshine them all.
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