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To: AllansAlias who wrote (4407)6/7/2001 2:03:49 PM
From: JRI  Respond to of 209892
 
Edit: Ha ha...looks like you just posted your rant while I was typing...(published 3 times, nonetheless)

AA- The "front-running" that has been going on in the semis is unreal......a wee bit of seasonal strength in PCs (which is still debatable) supposedly outweighs the huge amount of inventory out there and price wars still to come?....
This is the worst semi cycle down in 20 years, and prices never went near other semi-cycle lows (even the smaller ones)...

I hope Intel tells their lies again.....I actually would love to see the semis blow well-above 700 (even if I'm not long), for it must create a very nice shorting op....Let's get the bullish sentiment way up there...

The multiples are getting beyond ridiculous territory again....it may take a shift (or perception thereof) in Fed policy (end of rate cuts, hints of tightening) to kill the funny money..For sure, the reality of the consumer pullback in coming very, very soon...