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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (6856)	2/28/2001 12:26:56 PM
From: Shack	Read Replies (1) \| Respond to of 19219

LOF, I'm talking ACTUAL earnings are in decline now, not earnings growth rates...the absolute eps numbers coming out are LOWER or FLAT vs. past quarters. That is NEGATIVE or NO growth. And anyways, the market doesn't care about the past despite you're dismissal of estimated earnings. INTC for instance is forecasting (and I'm sure it will be worse) a 30% DECLINE in earnings this year vs. last. Why would I buy a company whose earnings are already flat/declining and are themselves forecasting huge declines in their business? Meanwhile NT will actually LOSE money next quarter. These companies deserve a p/e in the single digits. And that will happen.