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Technology Stocks : All About Sun Microsystems

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To: JDN who wrote (50660)7/24/2002 7:40:55 PM
From: Steve Dietrich  Read Replies (1) of 64865
 
<<MY GUY is pointing out the economy is basically sound and believes there is value here.>>

Wasn't the economy basically just as sound when Bush was talking it down in 2000?

<<According to my broker the market is going BONKERS cause of all the talk out of CONGRESS over Regulation.>>

Obviously it's impossible to know about these things. But every time Bush talks about how sound our economy is, the market tanks. Yet when it became clear, today, that the stronger Democratic Sarbanes bill was going to become law, the markets shot up.

Of course correlation is not causation, and the future is unknown.

I'm really anxious to see what the 2nd quarter advance GDP numbers are going to look like on July 31st. They're expecting 2.3%. If it's much worse, look out double-dip. If it's better, could be good news. I'm a little worried myself based on how bad earnings have been.

Steve
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