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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: ahhaha who wrote (1563)	3/14/2001 11:36:03 AM
From: ahhaha	Respond to of 24758

On CNBC Art Hogan at Jeffries claimed the tech earnings problem is one of demand, but my friend quasar_1 will tell you that it is one of overcapacity. More demand won't lift earnings. It would only slow the effect of built-in overhead. quasar_1 has been complaining about this for 3 years. He said, "how does anyone make any money"? It is unwise to argue against what quasar_1 has said even if he got tired from saying it for so long that he quit all this nonsense in frustration. It has taken the stock market all these years to figure out. When was the last time MSFT sold any software directly in scale? They have the sweetheart deal with box mfgers. If the boxes slow, MSFT's earnings must slow. MSFT has tied themselves to others unnecessarily, or maybe necessarily in light of the ever increasing saturation of the PC market.

To: ahhaha who wrote (1563)	3/14/2001 11:47:39 AM
From: ahhaha	Read Replies (1) \| Respond to of 24758

The amateurs on the MDD thread talked a lot about the "diamond formation" of the DOW. The Dow has a broadening top, not a diamond formation. However, the DOW utilities have a diamond formation and that is about as bearish as is possible. It portends rising interest rates and implies FED has 0 latitude to lower interest rates. ZERO. They already squandered their ability to act by chasing windmills with the money creation which Greenspan says doesn't matter.