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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (13172)	4/27/2001 9:27:50 AM
From: Boplicity	Read Replies (2) \| Respond to of 13572

It's because I believe tech investing is cyclical in nature. G not long JNPR, CIEN, or any other equipment stocks.

To: mishedlo who wrote (13172)	4/27/2001 9:33:16 AM
From: Sig	Respond to of 13572

<<Now, bop might speculate that buying in the face of poor earnings is a sign of the bottom, but I do not buy it. I look back and see day after day after day of fed coupons pouring money into the economy. It is clear to me where it went in retrospect. The stock market - to prop it up. The signs were there.>>> I am reasonably comfortable with the results of what the Fed and smaller banks are trying ot do here. In the face of terror created by destruction of the Nas which slopped over into mainstream Dow investors. When the Dow dropped below 10k and moving fast down, I picture Washington being flooded with calls to take some drastic action. So I think the goal is to support the Dow around the 10,500 level. The Nas is a bit different, as large companies (telcos) can profit by forcing smaller ones to cut their outrageous price for some things like optical switches and cables. And here I think, the support goes to the large companies and doing that will support the Nas at perhaps 2k level, but thats not so certain. Success in our economy depends on keeping the money moving and the Gdp says thats going fine as far as public spending. And the Fed can add liquidity if they want but have to be careful not to create infaltion. They can also jump into the market and support some stocks by buying equities if there are no bids, but seldom happens. . So altogether I would contend we have seen a bottom here unless the Chinese or Israelies start shooting. With confidence shaken, we are now more at the mercy of analysts and "news" than ever and its no easier for fund managers to sellect good investments. Most of my losses have been in responding to news with stocks moving in opposite direction to what is expected tells me there is far more manipulation than one would suspect. And one should be very suspect here, because that is the main way brokers and analysts earn their living-by churning. Sig -just yakking