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To: patron_anejo_por_favor who wrote (95281)4/17/2001 3:14:23 PM
From: Andrew G.  Respond to of 436258
 
patron_anejo_por_favor : you're right. But how many warnings do they need before they reverse course ? We've had dozens of warnings, large and small, from all sectors and the mufus are still net-buying the market.

Maybe the young management still doesn't have a history of prior recessions and hasn't done as much homework on the state of economy as eg Earlie or Heinz, etc. but they sure don't give a rats a*s about earnings when they buy here.

As someone referred to them as 'chart-huggers'. Like to hear that turn into a buzzword on the financial news networks.

BTW, I'm not trying to be cynical about the market or take a perma-bear position. I'd like to be optimistic when there is good reason to do so. There isn't any that I can see so far.