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

To: Softechie who wrote (45509)	1/13/2001 8:49:56 PM
From: Condor	Read Replies (1) \| Respond to of 57584

How about a 3 basis pt. reduction in interest rates?

To: Softechie who wrote (45509)	1/13/2001 11:28:47 PM
From: DlphcOracl	Read Replies (1) \| Respond to of 57584

Softechie: Don't take this as gospel, but I think the market is as much driven by investor (both individual and institutional) sentiment as much as by earnings. I think the specter of aggressive rate cuts during the first half of this year and investor sentiment that we have defined the bottom for now will bring money back into the NASDAQ for a few months. The severity of the earnings misses and the negative outlook for Q1 and Q2 this year will bring the tech stocks back down to reality, possibly retesting the 2200-2300 range lows (IMHO) later this year, probably around July to September. I agree entirely with you regarding CLEC's, major telecom stocks (T, WCOM, Q, etc.) and B2B. I see nothing on the horizon to justify dumping money into these sectors. I disagree with regard to net equipment stocks -- this sector will continue to expand and money will return to these stocks. They may experience further compression in their valuations between now and then, but this sector should still be one of the most dynamic over the next few years. I am cautiously optimistic that Q4 and Q1 in 2002 will be very strong for the NASDAQ and will see many of the beaten-down stocks, particularly the chip and chip-equipment stocks, double over that six month period.