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To: Lucretius who wrote (42785)12/1/2000 8:31:25 AM
From: IceShark  Read Replies (2) | Respond to of 436258
 
intc gets another downgrade. So much for the two point pop in early trading. Tough love for dipsters. -g-



To: Lucretius who wrote (42785)12/1/2000 9:01:44 AM
From: AllansAlias  Read Replies (2) | Respond to of 436258
 
This sort of crap is never good to read... It's one of the featured Reuters stories today. Excerpt:

Tech Investors Embrace Language of Doom

NEW YORK (Reuters) - Better late than never.

Technology investors who for years gorged on an
endless feast of hyper-growth stories now find
themselves free to speak of bear markets, recession
and stock panics, using language once widely seen as
treasonous among bull market patriots.

It's as if brutal honesty among traders, analysts and money managers on Wall Street now represents the only cure for a seemingly endless stream of negative company news.

``It seems like the total give-up phase,'' said Mona Eraiba, [Yea, right Mona. -g] a former semiconductor analyst recently turned hedge fund manager with Rosetta Management Group LLC in New York. ``There is just a sense that there is no salvation in sight,'' she said.


dailynews.yahoo.com



To: Lucretius who wrote (42785)12/1/2000 9:20:41 AM
From: AllansAlias  Read Replies (1) | Respond to of 436258
 
I forgot to mention that while NDX and its futures closed at the Monday gap-up DT line, this was not confirmed by COMPX.

SPX needs to have a good day, say, 1320 or better not to put in a weekly stick and a breakdown that will be pointing decidedly down. (I already think it is looking hosed without a great day today.)

Might soon be time for reverse rotation -- tech giving more slowly and all these old-econ/defensive issues giving quickly.


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