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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 215.32-0.2%3:59 PM EST
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To: Bill Jackson who wrote (85703)7/24/2002 2:21:59 PM
From: PetzRead Replies (1) of 275872
 
IMO, this bear market will end when LBOs are resurrected. There are now plenty of companies at or below book value, interest rates are low, and there will be increasing costs and embarrassments meeting SEC requirements. A company wihout public shareholders doesn't have to answer to the SEC because if its accounting isn't honest, its fleecing itself, not the public.

I also think the bear market will end with a wimper, not a bang, like 1982, and it will not end until at least two months after the Dow Utility average bottoms.

Petz
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