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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Hector who wrote (2037)	3/6/2001 12:17:46 AM
From: Bag of Pucks	Read Replies (1) \| Respond to of 52237

As much as we would like to see heads roll (especially analysts' heads), it won't happen. That's the name of the game. All the fundamental analysis and number crunching that they do is a way for them to placate and sell to J6P investors and to protect and cover their asses. That is why the analysis that they conduct has changed format to fit the 'valuations' of the day. For example, going from DCF analysis, to monetizing eyeballs or whatever else they come up with. At the end of the day, the fund managers, analysts, traders still trade on a greater fool theory and boy, oh boy, there sure are a lot of people feeling like fools these days. That is why i think this bear market will take a bit longer to turn around as one poster pointed out and it will be a while before people will feel comfortable about coming back into this market thinking that they won't be the fools left holding the bag. If we are waiting for the 'value' investors to save the day, it may be a long wait as the abovementioned analysts have now redrawn their valuation charts and what once was valued cheaply back at Nasdaq 5000 is now overvalued and they have withdrawn back to their more traditional ways of valuing stock - using traditional, and historical PE values as proper benchmark. From what i've read, the Nas at 2100 is anything but cheap. I think we will need to see some earnings turnaround before we reverse this wave of negative sentiment. Not sure if fed cuts alone will do the trick.