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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: bobby beara who wrote (80329)	7/16/2001 11:41:59 PM
From: KymarFye	Read Replies (1) \| Respond to of 99985

Market can't move higher until the Andre-Steffi pre-nup is finalized. Might take a while. The uncertainty is bad enough, but, if the EU steps in... then look out!

To: bobby beara who wrote (80329)	7/17/2001 12:31:37 AM
From: Alex MG	Read Replies (4) \| Respond to of 99985

What is Cramer's current call on the market? This guy is the ultimate contrarian. His fund made 2% in 1999, which was like losing money then when EVERYTHING went up. Then in Feb 2000 he announced his picks for the year, all dot.com BS that subsequently lost 95% of their value. Then I remember him screaming stay away from tech in late March early April this yr which was another totally wrong call. And this baffoon is one of the leading talking heads on CNBC. What's his current brilliant call on the market?

To: bobby beara who wrote (80329)	7/17/2001 9:00:31 AM
From: t2	Read Replies (1) \| Respond to of 99985

bb, Do you see a reversal from the morning lows today? It seems the bearishness has increased more than what we saw before yesterday. Could this be the last leg down on the semiconductor equipment stocks...setting up for a bounce as the shorts cover at the lows of the past 3 months. More negatives on Intel this morning--downgrade from HOLD to REDUCE by ABN Ambro. IBM estimates cut at Merrill. That is a lot of negative comments on these companies ahead of actual earnings. That may be taking the negative suprises out of the earnings that are expected. That is why I suggest we could see lots of short covering today; the market reversing and closing higher. Remember we will start seeing software earnings soon, including SEBL, VRTS, MSFT. So far the week has been ruled by semiconductor equipment stocks. EDIT: This is what I mean by the negatives. 7:28AM Intel (INTC) 29.13: -- Update -- ABN AMRO downgrades to REDUCE from Hold as firm sees downside risk in the stock to below $20; expects INTC to either miss Q2 consensus when it reports this afternoon, or borrow heavily from Q3 to make the number, which would set-up Q3 to be very disappointing. Firm thinks consensus will have to come down; lowering its 2001 est. to $0.42 from $0.56 (mean $0.53) and 2002 to $0.60 from $1.00 (mean $0.76). from Briefing.com