MRV Communications (MRVC) opinions? Message Board

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Technology Stocks : MRV Communications (MRVC) opinions?

MRVC 9.975

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Aug 15 5:00 PM EST

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To: mahler_one who wrote (39446)	7/1/2002 4:15:01 PM
From: Greg h2o	Read Replies (2) of 42804

ok, here's the problem with brokerage firms...even BEYOND the famed analysts who are company specific...this comes from the SAME DAMNED ARTICLE (can anyone explain to me if ML is REALLY "bullish on America"?<vwg>: <<Merrill Lynch's chief U.S. strategist Richard Bernstein lowered his 12-month target for the S&P 500 (CBOE:^SPX - News) to 1050 from 1200, noting that indicators continue to suggest a 5 to 6 percent expected return is more appropriate than the 20 percent implied by the previous target. The S&P 500 ended Friday at 989. "Our Sell Side Indicator has begun to fall, but remains well into 'sell' territory. Observers now clearly realize the market's issues, but the hackneyed 'capitulation' is nowhere in sight according to this indicator," Bernstein said. The strategist also noted that cash has now outperformed the S&P 500 for the last 55 months.>> VS.... <<"If financial markets are believed, the U.S. economy is in deep trouble. The equity market is near a five-year low, while bond yields have plunged," said Merrill Lynch Chief Economist Bruce Steinberg. "Yet the U.S. economy has performed far better than anyone had anticipated six months ago and recent data have been positive. Either the markets are sniffing out problems that will soon show in the economic data ... or the economy will continue to grow, earnings will surge, and the markets will eventually reflect that reality. We believe in the latter scenario," he said in a note.>>

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