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Strategies & Market Trends : The Thread -- Ignore unavailable to you. Want to Upgrade?

To: CrayUSA who wrote (36999)	3/13/2001 3:14:04 AM
From: SirRealist	Respond to of 49816

"It's pretty clear the Cisco news has shaken people up even further," said Graham Tanaka, president of Tanaka Growth Fund, which manages $200 million. "This is because John Chambers made the comment that the slowdown in capital spending could extend beyond two quarters. In the past, you had corrections that might normally last only a couple of quarters." This type of analysis, from CEOs that give rosy outlooks followed by warnings 1 month later, is perfectly meaningless. Except some folks listen to the words of these guys like it was liquid gold dribbling out of the corners of their mouths. Chambers groupies: that's mere spittle. If the recession lasts past this summer, it ain't tech at the root of it. It's that old black magic again: oil... or energy. Everything in the economy gets transported and that takes fuel, and.... voila. There won't be as much pain in Texas and Wyoming. They have Big Oily friends in high places.