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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (16364)	5/22/2001 9:26:31 PM
From: Justa Werkenstiff	Read Replies (1) \| Respond to of 30051

Zeev: It has already started ... dailynews.yahoo.com

To: Zeev Hed who wrote (16364)	5/22/2001 10:01:18 PM
From: ajtj99	Read Replies (1) \| Respond to of 30051

I think the futures may be down in the AM. Asia understands the B2B, and until they weigh in with their response to the B2B, we're going to get these phony numbers on the futures. It is a downward spiral, no orders creates unutilized capacity, which creates predative pricing, which causes everyone to lose huge. I think the Taiwanese are really feeling this for the first time. Last time I believe it was the Japanese and Koreans who took the brunt of the slump. Taiwan is now letting their currency slide from a target of 32.5-33.0 : 1 to the dollar to 33.5 : 1 to the dollar. Some of that may be to pick up tech business. I guess what we need is for some businesses to make some short-sighted decisions to upgrade their IT and consumers to go out and buy computers and gadgets. IT budgets are being cut by 10% this year, so don't count on them, so I guess we'd better buy lots of X-Boxes this fall (If MSFT makes the ship date). We helped this week by upgrading our graphics machines, but it was scheduled to be done this year anyway.