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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Mannie who wrote (50859)5/2/2002 4:36:13 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
Naz at 1000 is months away
this is a rest for deteriorating consumer confidence
amidst shattered investor confidence

CSCO still trading at 80-90 PE ratio
Sun's Zander might have retired because of upcoming recession
INTC is a joke at high 20's, poorly led by CEO
MSFT belongs with a 3 or 4 handle, not a 5, stymied

this is as much a buying opportunity as August 2000
despite what Volt thinks
sentiment is only one indicator in the stock market
wrong then, wrong now

all gates are controlled by the USdollar now
the key is the dollar, to rates, to stock confidence, to gold's lure as an alternative

the dollar might perk up some here
but a retest of January highs is farfetched in my dim view
/ jim
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