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To: TREND1 who wrote (16887)	11/30/2000 2:43:09 AM
From: Bruno Cipolla	Respond to of 60323

digital camera instead of PC this christmas. interactive.wsj.com Is America's love affair with the home computer ending? Nearly every Christmas since 1996, consumers have crowded electronics stores and shopping centers to stock up on new personal computers at ever-lower prices. But this year there won't be a PC under the tree for lots of people, including Margaret Francis. The Fort Worth, Texas, retiree says she would rather have a new digital camera to use with her five year-old Compaq PC.

To: TREND1 who wrote (16887)	11/30/2000 4:07:20 AM
From: Craig Freeman	Read Replies (3) \| Respond to of 60323

Larry, re: "Are you saying this is not a bear market?" It's no market at all. There's not one analyst downgrade predicting lower earnings for SSTI and, if the analysts are right, SSTI will have enough cash on hand in just 3 years to buy up every one of those underpriced shares and take the whole company private. If GE had a P/E <20, that would be a "buying opportunity". But when a high-flying, YOY earnings exceeder busts out and still only manages a '2001 P/E of ~6, the market has lost all reason. If the NASD goes down another 200 points at any time in the next year, we'll have so many analysts to shoot that we may well run out of bullets. I am gonna hold. I may even buy more on margin (I am >90% invested). I may also puke a few times in the next few months, but this IS the bottom. Sorry to say it but, if I am wrong and this is not the bottom, there won't be much left for any of us when the bottom is found. Craig

To: TREND1 who wrote (16887)	11/30/2000 9:57:22 AM
From: Art Bechhoefer	Read Replies (3) \| Respond to of 60323

It's not a bear market, not a bull market, but a chicken market. Everybody is too scared to buy anything! Bear markets typically occur when you have a combination of inflation, recession, economic weakness worldwide, and a variety of political factors (e.g., war or the threat of war) draining consumer confidence and restricting consumer spending. Despite the beliefs of more conservative investors, we don't have a tax rate that is all that high, and certainly not one which is confiscatory. We don't have an economy on the point of collapse, nor do we have external political problems that entail huge emergency expenditures, such as a war. So where's the basis for a bear market. It's all in one's head. Art