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Technology Stocks : John, Mike & Tom's Wild World of Stocks -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2394)	6/26/2001 5:17:57 PM
From: Challo Jeregy	Read Replies (1) \| Respond to of 2850

John, I read that article - to quote Biggs - he said - "A: Low nominal GDP growth is going to have a very severe effect on the profits of Old Economy companies. You're already seeing companies like McDonald's and Procter & Gamble announce that earnings will disappoint. There will be more earnings disappointments, not just in tech. The rest of the market is going to come down, too.I think interest rates at the long end are going to decline in this environment, raising the theoretical valuation of stocks. So maybe the S&P is only going to fall from 1200 to 1000 or 900. It's not a big deal, a 15% or 18% decline. We're going to see new lows in the Nasdaq and Nasdaq 100 because the carnage and the secondary effects aren't over yet in technology." What is your opinion of the long term rates? I'm thinking of buying some rental property - wondering if I should wait?

To: John Pitera who wrote (2394)	6/30/2001 1:23:52 AM
From: wlheatmoon	Read Replies (1) \| Respond to of 2850

john,,,brain and i are well....even if i'm only pinkie,,,i feel great! :-) uniphase....what a run and a crash,,,the market is surely a fascinating place. probably not a bad time to load up on some fiber...i saw your discussion with tom about the last mile. it will be significant...but it will sneak up on us instead of a big bang,,,it'll all of sudden be there. that's what makes it hard to figure out the winners. i like your talk about CHTR. btw..you have made great calls on CD and WMI....and CHTR was a wonderful performer for me. btw...i still can't access Barron's....am too cheap to buy it. -eg- hope all is well...