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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: DlphcOracl who wrote (45508)	1/13/2001 8:41:14 PM
From: Softechie	Read Replies (2) \| Respond to of 57584

Nasdaq needs new catalysts to go up. It has used the "bottom fishing" and "we're at bottom" excuses this past week for the bounces. Internet euphoria is gone. Fiber optics may be next but with telecom carrying huge debts and credit problems may hamper them hitting for more cash to increase capital spending for network expansion. I feel now is the time for them to generate consistence earnings quarters over quarters and paying down that debts. Many CLEC's are dead in water with limited financing and will have to file Chapter 11 or be bought out cheaply. So getting back to my point about catalysts. Nasdaq needs new ones to generate more confidence in investors to step up and stay in the market. However with more and more bad earnings reports and low GDP growth, it's going to be very tough year for techs. I'm still very bearish on CLECs, net equips, and B2B sectors. Got any new catalysts for Nasdaq?