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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: RMP who wrote (5652)	3/10/2001 1:15:47 AM
From: Libbyt	Respond to of 57684

>My fear factor is getting pretty high. In the past when this has happened it always turned out to be a buying opportunity.< I would have to say that you are probably not alone with the "fear factor". I find the daily company earnings warnings discouraging, as well as all of the newly announced job layoffs. I heard on the news today, that the latest "party" in Silicon Valley are the "Pink Slip Parties" where those who have lost their jobs go to "network" with those offering positions in the area. IMO, all of these warnings by various companies....not just tech companies, are sending a fairly clear message. Some drastic measures by the Federal Reserve should be coming fairly soon.....and probably should have started much sooner. I have to agree with Gene....what "signals" are the FOMC waiting for to start cutting rates? Right now there is little incentive for the average investor to "jump into this market"....since so many times IMO we've seen a "market bottom", only to see lower averages the next day. Holding short positions would seem to be risky, as well as buying new long positions. As unpopular as it may be, I still feel that there is a technology revolution....and even with this economy, there are still companies in technology that will continue to survive, and in the long term will be very successful. Yahoo is one company that IMO will survive, and do well in the long term. Obviously they need to change their revenue model...but IMO this can and will be done. Hopefully Greenspan and the FOMC will offer some positive surprises, and with some time this economy can once again be back "on track'".