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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (18871)	1/31/2001 6:37:36 PM
From: limtex	Read Replies (4) \| Respond to of 60323

JF - 1929 syndrome again! They kept cutting rates. It just feels different this time, can't explain it. Mr G was just obsessed with breaking the back of the Naz and he has finally acheieved it. Millions of people have lost a lot and the sentiment is gone. There was a great economy and he smashed it. I don't know if that has ever been done before in such a determined way and so I just don't have nay feel as to whether it is recoverable in the normal sense of a duration of a few months or whther this is one of those "once in a lifetime' slumps that so far it has been in breaking all records. I don't knowhow to put it but it just doesn't feel ...well stable. After 1% cut in less than a month we ought to see some sign of basing/bottoming/ buying interest recovered interest in stocks/lessening in gloomy CNBC types but there is no sogn of it. Tomorrow looks like being srt up for another 100 plus down day and what good news or relie do we have to look forweard to. The P/E of the NAZ 100 is 100 and that is high very high by historical standards never mind in a slump. How long can this last, that is the question? Is it years or months. Thsts all that countsd now since we havenothing to look forward to for months now except unrelenting bad news. I'd love to be wrong. Pls tell me what possible releif there can be for at least nine months. Fund managers do not like to lose and I guess they are reducing their positions. I'll bet they havea method of arranging a much bigger cash %age than they publicly admit to by some fancy hedge or the like. No-one is going back in except for beer money till they get a very very clear signal that the slump is over. Whe ncan that happen, when can we expect to get forward guidance from the leaders that they see a good qtr ahead? Can you see that happening this year any time? Pls tell me. Best regards, L