Formerly About Advanced Micro Devices Message Board

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Politics : Formerly About Advanced Micro Devices

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To: Jim McMannis who wrote (195410)	7/22/2004 3:09:59 PM
From: tejek	Read Replies (1) of 1572033

RE:Where have you been? The market started going up in 2003. Since January of this year, its come back down." Your trend lines are too short term... Hardly. Looks like it will take at least a total of 10 years to right the dot com bubble, IMHO. To think we will get away with it by printing money and lowering rates to these levels remains to be seen. AG is sure trying but creating a huge gulf between the haves and have nots. Notwithstanding your HO, the dot com bubble has little to do with the current market malaise. There is no inventory overhang nor excessive P/Es. The current market problems are due to companies currently providing poor forward guidance for the next two quarters. The economy pickup that started in last winter has slowed considerably. There is a general uncertainty.

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