housing prices are still bubbling. this year is another record year for new corporate borrowing. the stocks are rallying, not as a predictor, but as a facilitator by the government for its policies. it's one of the tools they have to try to stimulate consumption. i believe it was corning that said recently there was a 5 or 6 year supply in the field. meanwhile, the bells are waiting out the clecs before they invest, and the clecs are arranging new financing to try to ride out another couple years.
networking index charts (GIP = Goldman Networking)
stockcharts.com[m,a]daclyyay[pc20!d20,2!b50][vc60][iLb14!Lp21,3,3!La12,25,9!Lg]
stockcharts.com[m,a]daclyyay[pc20!d20,2!b50][vc60][iLb14!Lp21,3,3!La12,25,9!Lg]
GIP is headed for 213 where the October lows and two-thirds of the fall rally will have been given back. After the bounce from there, it's likely headed back to the lows or lower.
Here's their customers XTC, or the telecom utilities
stockcharts.com[m,a]daclyyay[pc20!d20,2!b50][vc60][iLb14!Lp21,3,3!La12,25,9!Lg]
You can find Verizon, SBC, and Bellsouth, languishing near their lows. |
