From street.com (free stuff):
""I think we need to get to a level of fear that is commensurate with the level of greed we saw in the first quarter," said Scott Bleier, chief investment strategist at Prime Charter. "I think the market needs to see the big six -- Lucent [LU:NYSE], Dell [DELL:Nasdaq], Cisco [CSCO:Nasdaq], Microsoft [MSFT:Nasdaq], AOL [AOL:NYSE] and Intel [INTC:Nasdaq] -- crack. When I say crack them, I mean bring them to their mid-June levels. Then you will create a level of fear that will bring some stability."
So it is understandable that in the coming week Bleier will focus on Dell's earnings, set for after the close on Tuesday. "If they warn that things going forward need to be tempered, if they can legitimately say, 'Listen guys, business is good, but we're a little too aggressive,' then we get our washout."
My question: What's the likelihood of this? |
