To: nick stalin who wrote (3046 ) 10/13/1999 5:26:00 PM From: gizmo&jack Read Replies (2) | Respond to
Nick, check out EMLX earnings. 0.20 cents over estimates. This is going to move the entire SAN sector. I also expect a general rebound. Let's face it, INTC has been a POS earnings' wise for almost 2 years!!! I just don't know why people still look to it as a bellweather. As the internet earnings come in stronger than expected as we are seeing with YHOO, EMLX, RBAK, people will begin to realize the disconnect. I am not an eternal bull, but what is going on is just not logical. The Dow has corrected significantly. Most tech companies will beat earnings. Apple and the internets are demonstrating that. Intel only missed by 2 cents and has done so several times in the past year. And the employment number came in 200,000 below estimates last Friday. There have been no significant inflation data whatsoever. I am beginning to make myself laugh just thinking about it. There is so much evidence pointing toward a bull market. But people just need to create fear for themselves. And you can always find something, like higher wages or rising commodity prices. But you need to balance that with all the factors and people are not doing that. They are making excuses to sell. Just like the Asian and Russian and Brazil scares last year, all of which I made a killing on. People think "hey, this could be really damaging" to our economy including the economists at the investment bank I work at. Its the pseudo-intelligent thing to say. Makes them feel smart. Saying the status quo will remain so is boring and doesn't get you noticed. I very simply look at the data. There was never any evidence of a slowing US economy last year during all the emerging market BS. Never. Just conjecture. And no evidence of inflation this year either. Just conjecture based on very indirect indicators. Which is not to say that there is not inflation. But I will sell when I see it in a PPI or CPI report. And I have a feeling that that won't occur.
