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Technology Stocks : JDS Uniphase (JDSU) -- Ignore unavailable to you. Want to Upgrade?

To: Hank Stamper who wrote (14459)	11/29/2000 9:50:33 PM
From: t2	Read Replies (2) \| Respond to of 24042

I think too many are still way to optimistic. When the investing public is in despair that Greenspan will never change tacks or that even if he does it won't make any positive difference, _then_ we'll be at the bottom. One of the big historical mistakes is that investors assume the bear market is over way too early, only to get creamed. David, I don't think there is much optimism.....I think there is a lot of pessimism which has been compounded with the election. Investors are now seeing too many profit warnings coming from tech companies. That is what is making people very concerned. Did you notice anyone talking abou this being the bottom lately...I did not. I saw many predict 2000 as a low and some others saying it could go below. That is pessimism! Like I posted earlier, I sure hope a lot of the companies that plan to warn get it over with right now as the conditions are ideal. Compaq, IBM, DELL could do this now...not for the current quarter...it would be for the entire 2001. Gateway did just that based only upon one weekend of sales. That is how the market upturn starts; when companies start beating estimates. Lately, too many have been just in line.