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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Bill Harmond who wrote (7286)	5/29/2001 5:06:03 PM
From: craig crawford	Read Replies (3) \| Respond to of 57684

>> It's not a big deal << I'm not upset nor are my feelings hurt. I just don't want to bother you or the thread if it's not welcome. >> I get the impression that you react to every data point. << Well if you mean by trading off every bit of news, not at all. Do you see me jumping in and out of trades on all these news stories? >> At a time like this when there is a weak economy but strong Fed liquidity injection there are all sorts of cross-currents. It's literally a battle. << Precisely. That's why I'm not screaming to short tech stocks left and right. It's tough to go against a money-printing spree. On the other hand I'm telling people that they aren't worth buying either. I cut loose the last of my tech (SUNW) last week. Lucky for me I hit the top of the move, and it was best to just dump the loser. I believe that goes for many other tech stocks as well and that's what you see me recommending. In late December early January the market was too negative and there was a clear catalyst for going higher. The end of tax loss selling plus a surprise fed ease. In early April there was another catalyst, the end of selling to raise money for taxes, an agreement on a tax-cut, and more fed eases. There is no clear catalyst now. The Fed is winding down it's easing and we are hitting the dull summer months. Greenspam is creating enough credit to prop the market up but the fundamentals are still lousy enough to keep the markets in check. That's why this is a do nothing market and people would be wise to just forget tech and find something else to play. That's essentially all I've been saying, and perhaps it's not right for this thread, which just doesn't want to give up the tech ghost. My idea of the "New Economy and it's Winners" are energy stocks and commodities. They are going to be the real winners going forward and the sooner people accept this the better off they will be.