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Strategies & Market Trends : Ask DrBob
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To: shoreco who wrote (61594)6/14/2002 9:27:18 AM
From: stan_hughes  Read Replies (1) of 100058
 
shoreco - Wireless has been one of the sectors that has been holding up reasonably in tech, after all, that is the direction we're going regardless of stock valuations.

Now that the top line forecasts are getting nipped, with this first pruning at 10-15%, one of the last tech nests is going to get burned out.

IMO this is just more evidence that JSP is done like dinner and can't spend any more. In the absence of a capex recovery, which hardly seems likely anytime soon, we're headed straight for the double dip scenario that was being ridiculed a few months back.

One other thought - even gold won't escape the recession scenario
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