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Technology Stocks : IBM
IBM 297.59+2.5%Nov 21 9:30 AM EST
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To: Robert Scott Diver who wrote (7627)4/24/2002 9:47:47 PM
From: Scott Bergquist  Read Replies (1) of 8218
 
Right now, with the SPX hovering at 1100, I suggest analysts' "hoopla" about recovery burned too many investors ( who jumped back in when the "bottom" was declared.) "StockMarket Exhaustion" and "Buyers Strike" is what I am gleaning from Cnn/fl, Bloomberg, etc. People are tired of getting ripped, and they are selling heavyweights now, GE, IBM, MSFT, and as those drop, are feeling relief to be "out".

This could snowball pretty rapidly.
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