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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Rob S. who wrote (63002)11/22/2000 8:20:58 PM
From: Tom Tallant  Read Replies (2) | Respond to of 99985
 
<<The bloated NASDAQ needs to hit 2350 to shake out the excesses and set the stage for a rally imo. Few are convinced in their guts that the NAS is cheap. There are still too many high P/E pigs left and too much optimism yet to burn off. >>

Let me ask you a question. What technology did you use to come to that conclusion? Something on the internet? A MSFT program? Something American? Something dependent on growth and funding? Something that you are able to use because of the very optimism you so flipantly dismiss?

It is absolutely amazing to me that posters write this kind of tripe and yet continue to use the very things they would like to destroy. What about INSP? Would you prefer they went belly-up? How would you possibly be able to spread such negatives if you did?



To: Rob S. who wrote (63002)11/22/2000 8:39:56 PM
From: Les H  Read Replies (2) | Respond to of 99985
 
Note the earnings growth for Software for FY ending May 2001. It's not often you see 9% EPS growth for Software sector.

biz.yahoo.com

Or 5% for Networking sector.

biz.yahoo.com

The market's being taken down in concert with earnings growth expectations. I suspect that earnings expectations and stocks will get ratcheted down again in mid-January to early March when earnings are reported in January.