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To: Sarmad Y. Hermiz who wrote (127810)	7/6/2001 9:40:38 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>James, I hope you left some dry powder for emc. Sarmad, yeah I've got some left, but I want to keep it. >"No one is in a hurry to buy. Earnings warnings continue to surface at a fast and furious pace," said Alan Ackerman, executive vice president at investment adviser Fahnestock. >Of the more than 1,000 companies that have offered a glimpse of their results for the quarter that ended last week, 68 percent of them said they will miss estimates, said Chuck Hill, director of research for First Call/Thomson Financial. That's a more than threefold increase from a year earlier.

To: Sarmad Y. Hermiz who wrote (127810)	7/6/2001 11:23:02 AM
From: craig crawford	Respond to of 164684

>> Taxes, interest rates and oil prices are lower (and so are commodities - no offense to our esteemed c. crawford << 1) long dated treasuries have been sliding since march, rising almost 50bp. bonds have been getting whacked for a week straight. 2) oil prices have fallen recently but have bounced off key support in the $25 area the past few days and are back over $27, even with the news of iraq coming back online. 3) commodities have been falling this year as well but they are showing some reasonable strength considering how weak the economic prospects are. the Bridge CRB, DJ AIG, GSCI, and Jim Rogers Raw Materials funds are all well above the lows they made in Q1 1999. So even during this worldwide slowdown and recession like conditions here in the u.s. commodities haven't taken out their asian contagion lows. >> The medicine has got to work. Unless the patient is dead already. << plenty of patients die on the operating table. i think it is naive to assume that greenspam's money printing extravaganza has to save the economy. if he can somehow magically drag the economy off the floor it won't be your bloated pos tech companies that are going to thrive i think it's quite clear by now that this is the case. the nasdaq composite may not be at new lows but many tech stocks are at new lows or near their lows. other stocks away from technology are the only things propping the nasdaq up as it is. same for the s&p. the s&p average is dragged down by the technology issues in it. ex-technology it really isn't that bad off. >> I don't know if today will be the lowest, but at 25 it has to be close << why you insist on this having to be a bottom while stocks drift to new lows and continually warn is beyond me mr hermiz. i'm sure people bought nt, lu, jdsu, cmrc, and arba at 25 saying this has to be close to the bottom. i'm sure people bought csco or sunw (oops) at 25 thinking it must have been the bottom. why does emc have to be any different? their credibility is totally shot! look what emc said just three weeks ago and then contrast that with their warning and you will see how owning emc means you were totally sandbagged! EMC outlook unchanged investor.cnet.com