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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (8809)	12/22/2000 6:50:59 PM
From: MonsieurGonzo	Read Replies (1) \| Respond to of 11051

Merry Christmas, Dudes! >I still say that most of this is an earnings visibility issue in the new regulatory environment, but, undoubtedly, the meltdown in the dot.com's is having an impact... The dot.com's were wiped out QTR-2. Then the Corp bond market started to go to hell... the Corp paper (spread) detached from the Gov't/Agency paper (we lost the 30Y TYX and the 10Y TNX became the .gov bellwether) and then, within the Corp paper, the bellwether "telephone bonds" suddenly became "junk" ~ especially in the EU, but also AT&T, etc. iow, I see the collapse of the dot.com's as one thing, and the collapse of the telecom's as another thing. Best essay on this that I've read was in the NYTimes only recently. Whereas the dot.com's were a "tulip frenzy", the other thing ~ over-investment/over-building of telephone lines ~ the essayist likened to the onver-investment in and over-building of railroad tracks (in this country) around 1880's... ...what happened to the Dudes back then was: not enough "content" = people and freight loads to support all those railroad lines "bandwidth". Anyhoo, Merry Merry to you and yours; best regards and best wishes for a profitable New Year (^_^) -Steve