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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Dalin who wrote (27916)	1/2/2001 2:14:59 PM
From: jcky	Read Replies (1) \| Respond to of 65232

Dalin, Good luck on ITWO. QCOM, BRCM and CREE will be survivors. RMBS is on the bubble. ITWO is a good trading vehicle only, in my humble opinion. Good luck Regards,

To: Dalin who wrote (27916)	1/2/2001 2:20:18 PM
From: lurqer	Read Replies (5) \| Respond to of 65232

....LTB&H's.... Have been following the market with only "half an eye" - holidays and family. Will be leaving for a Hawaii trip on Thursday so I may be "out of touch" for awhile. Watched NBR nightlybusiness.org last night and noted the following: GHARIB: Rich, you're bearish on the NASDAQ. Tell us your outlook for all the stocks in 2001. RICHARD BERNSTEIN, MARKET STRATEGIST, MERRILL LYNCH: Well for the overall market, we're not really that bearish. It's really NASDAQ we think is going down. But think of the market like a seesaw. We think NASDAQ goes down; other parts of the market go up. The S&P is basically the fulcrum in that seesaw, and doesn't really do very much. But if you're on the light side of that seesaw, 2001 is going to be a great year. GHARIB: Where do you see NASDAQ by the end of the year? BERNSTEIN: Well, we think NASDAQ could probably be down in 2001, probably about 10 to 15 percent more from where we are right now. (snip) and GHARIB: And how about the investors? BERNSTEIN: Well, I think the risk for an investor is a lot of investors is that they've said that technology has had a bad year in 2000, but they're still good long-term investments. We think the risk is, in 2001, people will begin to doubt those long-term prospects, and that may shake investor confidence a little more. (snip), and the biggest joke of all GHARIB: So, what would be, in this scenario that you are describing, would be, for investors, stocks or stock groups that they should be focusing, Rich? BERNSTEIN: Well, I think the key question is: not the Fed providing liquidity, but, what happens to profits? And if profits continue to decelerate in 2001, you want to look at the more defensive sectors: things like consumer staples, health care, utilities, some of those. In terms of stocks, just to name two would be Sysco (SYY) - not the computer Cisco, but the food, Sysco - SYY is the ticker symbol; and maybe Safeway (SWY) would be another. Yeah, that's right. The road to wealth is investing in the "fast growing", highly innovative food service industry. It's one thing to play their games, but they don't have to get (intelligence) insulting. When I saw the above, my response was "Well Merrill is still accumulating Tech and they know they are going to have to induce "fear, uncertainty and doubt" to get the shares they want from the current holders". JMHO. Anyone else having SI problems today? lurqer