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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (3375)	7/4/2001 6:03:44 PM
From: Bocor	Respond to of 208838

<<see, at best, a stable six months ahead.>> If the Nasdaq climbs much further, it will be an extraordinary opportunity to short these stocks again, because they will undoubtedly be cut in half. The situation in the information-technology industry must eventually damage employment sector wide, thus affecting consumer confidence. I so often hear "it is only X number of layoffs"...well let me tell you, for that family involved in a layoff, there is a recession, and that family affects a myriad of sectors, and the neighbors and friends of those laid off are waiting for their own axe to fall, and they aren't out there buying new cars and new computers. By virtue of the overcapacity and free flowing debt of recent years, it will take an equal amount of time at the very least to unwind the excesses in the technology and telecom sectors: profits in these areas can be nothing but pathetic. Yet each time the Fed lowers rates, the bulls run these stocks up again. Well I say suck 'em up baby, cause they will be puking them out through their nose in a few months, and their entrails will be in my trophy case.