It is hard to know what to say - I am guessing, but they must be in the CSFB camp - no future growth, only contraction.
Here is another view on the market from CNN Money
money.cnn.com
<<Nasdaq finds nibblers
But broader market just barely higher as investors still mull rising oil prices, rising rates.
May 20, 2004: 11:45 AM EDT
NEW YORK (CNN/Money) - The Nasdaq gained, and the broader market tiptoed higher late Thursday morning, as investors scooped up some recently beaten-down techs, but held back amid continued worries about the big three: Iraq, oil and interest rates.
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<<"You don't have a big commitment either way today," said Joseph Battipaglia, chief stock strategist at Ryan, Beck & Co. "Some techs are up, but they've been under pressure recently, so it's a reaction off of that."
"We continue to be in this trading range, at the lower end right now," he added. "The only catalysts that can get us out of here in the next few weeks is some relief at the pump, lower oil prices, and news about how much the Fed is going to raise rates."
Worries about oil, Iraq and interest rates have preoccupied the markets since the end of January, and that has continued through the past few weeks, which have been directionless and choppy.>>
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