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Technology Stocks : LSI Corporation
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To: Andy M. who wrote (25081)7/12/2002 3:35:13 PM
From: sea_biscuit  Read Replies (1) of 25814
 
Andy,

That only makes it worse. At least if you had made that assumption, it would not have been so bad. No one knows what the future earnings streams are going to be. The last 5 years of the bull-market were largely an illusion and those earnings cannot be relied upon. Future earnings numbers will be scrutinized a lot more closely and therefore the kind of EBG tricks that Corrigan pulled will not work going forward. Being sanguine about future earnings is a whole lot worse than assuming that stocks will have to go up because they have gone down.
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