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To: marginmike who wrote (130826)10/24/2001 1:01:35 PM
From: ild  Respond to of 436258
 
IMO we'll go sideways for some time. There is a balance of bulls and bears, hope and fear. Then another big swoon down. Right now market discounts some recovery that might happen in first half 2002.

Just look at semiconductors. They are up on NO fundamentals.

IC market to grow 1% in 2002, but capital spending will fall 25% next year, says report
Semiconductor Business News
(10/23/01 15:17 p.m. EST)

siliconstrategies.com

EDIT: INTC market cap is bigger than ALL semi sales