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

To: adcpres who wrote (4979)	4/4/2001 2:33:58 PM
From: JRI	Read Replies (1) \| Respond to of 52237

You're just talking the market...I'm including the economy too: the market is just foretelling what's going to happen in the economy.... This is going to take years....

To: adcpres who wrote (4979)	4/4/2001 2:55:46 PM
From: Jack T. Pearson	Read Replies (2) \| Respond to of 52237

I think J6P is incapable of panic. I have a lot of people, YJ6Ps (yuppy J6Ps) telling me about the stocks they hold that have declined 70-90%. Then the shrug and say, "I'm in for the long haul. I've got 20 years before I retire. It's certain to recover soon. If I had the money, I'd be buying now." I think quite a few of these tech companies will disappear in the next year. They have a load of debt; they aren't earning money; and if orders don't pick up soon, they will run out of money in a matter of months. That will be the next wave of bad news to hit the market. So far it is, "We will miss earnings estimates." Next it will be, "If we lay off 1/3 of our people, we have enough cash and credit to make it to October when business should pick up."