Groundhog Day Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Groundhog Day

QQQ 619.25

+0.8%

Nov 28 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: quote 007 who wrote (955)	4/13/2002 2:27:19 PM
From: Jorj X Mckie	Read Replies (2) of 6346

I do believe that we may be nearing a bottom....or perhaps an "equilibrium". By that, I mean that revenues may stop going down and earnings may stop going down. Even though we have been seeing some earnings that beat estimates, we are still mostly seeing topline declines. That means we are not quite at the bottom. And my gut feeling is that the bottom will take some time to form. We will need to build an economic "base" (a period where topline numbers are at least flat and not still going down) and then we can build a stockmarket base from which to launch the next bull market. This isn't one of my better organized thoughts, sorry...but the crux is that I think that we need to watch the topline numbers rather than what the analysts conjure up for earnings estimates (on pro forma numbers...LOL). And I really have a tough time thinking long when the VIX and VXN are at these low levels and the BPs are at high levels. Just doesn't make sense to me.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next