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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (39401)	7/26/2001 4:20:53 PM
From: stockman_scott	Respond to of 65232

Jim: Thanks for the updates... This morning on CNBS I heard Lehman Brothers Chief Investment Officer (Jeffrey Applegate)...He feels we will still see a 'V shaped recovery' since history repeats itself....says June QTR was the trough in profits, earnings will be down about 20% this QTR and go positive in Q4...Mr. Applegate also says stock prices always turn BEFORE the earnings picture improves and he is convinced that the bottom is behind us. Don't believe everything the Houses tell ya though...=) Best Regards, Scott