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

To: LTK007 who wrote (6369)	4/26/2001 2:54:59 AM
From: taLuis	Respond to of 52237

Here's my NASDAQ chart and prediction for Thursday: geocities.com Luis

To: LTK007 who wrote (6369)	4/26/2001 6:37:37 AM
From: Berney	Respond to of 52237

Max, It is a little more complicated than that. Reported on the TV yesterday, that with 2/3 of the SnP reporting, year/year eps growth was a negative 3.3% (according to First Call). While the SnP would be positive were it not for tech, it would still be down significantly from last year. FWIW Berney

To: LTK007 who wrote (6369)	4/26/2001 9:21:11 AM
From: Roebear	Read Replies (1) \| Respond to of 52237

LTK007, "A conjecture-- The input AG is getting and not telling us,the tech sector is not in a mere slowdown but is on the edge of snowballing recession that could undermine all else,not the least of which is the NASD index." Your post, especially the above quote, contains some of the points made in book "The Coming Internet Depression" by Michael J. Mandel. Book came out summer of 2000 I believe. I picked it up Sept but didn't get to reading it till the dew was already off the short roses. Considering the percentage of the growth that techs contribute(d) to our economy, I believe your conjecture and that of the author is a possibility. According to the Mandel, the Fed will have to fight its instincts, so to speak, and keep cutting rates even in the face of budding inflation to turn this around. I have adopted a strategy based roughly on that premise. I keep a hefty amount of gold stocks in the portfolio to capture any inflation/weak dollar effects, along with what I hope to be the new leaders in any market turnaround. I think many of the old generals will be on vacation or retired by then. Best Regards, Roebear

To: LTK007 who wrote (6369)	4/26/2001 12:15:18 PM
From: TRINDY	Read Replies (1) \| Respond to of 52237

LTK007, Thanks for your reply. I have, at times, thought that the Fed was targeting the market, particularly the Naz, as you point out. I am convinced of it now. They have two major objectives with their current pumping. First to keep the consumer in the game. Sizable retrenchment on this front could be devastating. Second, to let the air out of the bubble gradually to prevent a collapse. The minor downturn the economy is experiencing gives them the excuse they need to engage in the pumping. The risk is this situation turning into a real recession. They are quickly running out of ammunition. Cheers!