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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (52949)	7/15/2001 10:57:14 AM
From: Skeet Shipman	Read Replies (1) \| Respond to of 94695

Franklin Fund Managers Say Now Is The Time To Buy Stocks 07-11-01 05:38 PM EST by John Shipman \| Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Now is a good time to buy stocks. That was the general consensus among a roundtable of Franklin Templeton Investments mutual fund portfolio managers gathered Wednesday for a midyear look at trends in the equities markets. The gathering was also the first official event held at the firm's new corporate headquarters in San Mateo, Calif., and was broadcast via teleconference. Concerning a rebound in equities markets, "the question is when, not if," said Ed Jamieson, chief investment officer for domestic equities at Franklin. "Stocks often look most expensive when they're the cheapest," Jamieson suggested. Ian Link, portfolio manager of the Franklin Technology Fund, cautioned that there's still negative news to plow through for tech companies. "Unfortunately, we have six more months of winter," Link predicted, but he noted that, historically, stocks tend to begin rebounding three to six months before an earnings trough is reached. To take advantage of an upturn, investors "need to be in the market before the darkest point," he said. In the tech sector, Link said he favors names in outsourcing - such as Paychex Inc. (PAYX) and Sapient Corp. (SAPE) - as well as broadband players Sonus Networks Inc. (SONS) and Ciena Corp. (CIEN) and data storage providers Brocade Communications Systems Inc. (BRCD) and Veritas Software Corp. (VRTS). Terri Spath, manager of the Franklin Large Cap Growth Fund, said more reasonable stock valuations, signs of a trough in the economy and evidence of a "stealth bull market," are all signs that now is a good time for investors to buy stocks, "and large-cap growth stocks in particular." As evidence of a bottom in the economy, Spath pointed to data such as an improvement in the National Association of Purchasing Managers report, lower overall inventories and still vigorous consumer spending. During the second quarter, 80% of Standard & Poor's 500 stocks posted gains, she said, which points to a stealth bull market. She noted that there hasn't been such market breadth since the first quarter of 1998, and the S&P 500 went on to post a 16% return over the following 12 months. -By John Shipman, Dow Jones Newswires; 201-938-5171; john.shipman@dowjones.com (This story was originally published by Dow Jones Newswires)

To: William H Huebl who wrote (52949)	7/15/2001 12:16:23 PM
From: Real Man	Read Replies (3) \| Respond to of 94695

Yep. Titanic has huge holes in it and is about to sink. 5-year record commercials short the dollar. Look for a big dump for stocks, bonds, and the dollar between now and January-2002. January-2002 will accelerate the dump of the dollar: most of Eastern Europe holds currency (dollars for now) in their mattresses, because there are no Euros, and the German mark is to be converted into Euros soon. Certainly, the press about overvaluation and the dollar problems is circulating, but they have no other choice... I think we will see the dumps of the dollar by the big boys BEFORE the conversion date, so that they have the lems to buy cheap dollars from.

To: William H Huebl who wrote (52949)	7/15/2001 12:57:21 PM
From: Berney	Read Replies (1) \| Respond to of 94695

Bill, That was an excellent analysis! I'm so used to your one-liners that it caught me off guard. <gg> What is interesting to me is how up front some of the CEO's have been about the economic situation. For example: siliconinvestor.com Clearly, it is in the best interests of the Wall Street spin machine to ignore these observations from the front line. I'm not a bull or a bear, just an observer that tries to capture a couple of percentage points before I get back to the safety of cash. I've come to appreciate that cash is an investment position. Congrats on your SPY $120 call. Berney

To: William H Huebl who wrote (52949)	7/15/2001 4:27:19 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

Bill; RE>> The historical precedent is the 1929 crash when it took over 20 (count them, 20) years for people to get back to where they were in the markets at the peak!!! <<< Bill the market , and those people in it at that time NEVER GOT BACK The big lie on wall street is in the long term stocks always go up...they fail to show those who went under , de listed , busted, and out of business There was never a recovery from the 29 crash they just want people to think there was, what looks like a recovery was a Re-Make of the Dow and other major indexes, that's wall streets trick. The new stuff that came in to replace the old..well 99% of the people who had stocks in 29 didn't have any money to buy the new stuff.. They went broke and stayed broke. For all practical purposes by 1950 the market was a NEW market not a recovered one. Even now while the S&P is down they have already replaced over 10% of it in a year, look at how often they "change the index" the Dow the S&P the NDX ..if we were to keep track of the companies that were in any of them and then folded up for good they would not be able to say in the long term "stocks always go up" and the indexes would look so sick no one would invest in stocks. Wall street want's people to think the 29 crash finally re-covered well it didn't , 85% of the stocks just vanished, & only a very few people had any money to buy some of new issues as the indexes were re-made. ------------------------------------ Great companies, with good products by the score just vanished.. Out of 350 Auto companies only 2 are still around that half way resemble what they were.. And has GM ever trading at $350..again. Jim Jim