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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: MSI who wrote (9725)	11/30/2001 10:15:22 PM
From: sylvester80	Respond to of 99280

They are software and hardware engineers in various specialization areas. Two of them have had jobs with 3 different companies in the past 18 months that all 3 companies have gone under. They think they jinxing them :(

To: MSI who wrote (9725)	11/30/2001 10:19:05 PM
From: SOROS	Read Replies (1) \| Respond to of 99280

The USA economy? Industrious? Did you mean, "informatious"? I remain, SOROS

To: MSI who wrote (9725)	12/1/2001 7:53:34 AM
From: Softechie	Read Replies (3) \| Respond to of 99280

I know many IT Consultants are out of work. In the hey days of 98-00, their billing rate was from $100-$200/hr. Now it's hard to find work and if you're lucky to get work the rate is going from $50-$75. Check the consultant companies and ask them how they're doing. IT budget is being watched like a hawk. Only the must projects will get funded. All of them agreed that the go-go years are over and won't happen for a long long time. Think about these catalysts that really boomed the market in those years: 1. Fed induced liquidity in '98. 2. Low energy price. 3. Y2K projects hardware and software upgrades. 4. Internet E-Commerce B2C B2B. 5. Telecom CLEC Wireless ISP. VC really pumped large sum of money in #4 & #5. Corporation outspent themselves for #3. #3-#5 really drove the Naz to its highest peak. Let's take a look at current: 1. Fed induced liquidity BIG TIME. 2. A little higher energy price than in '98. 3. No more Y2K hardware and software upgrades. 4. Many many BK'ed internet companies. Glut in gears. 5. Many many BK'ed telecom companies. Glut in gears. 6. High unemployment rate. Many many high salary people are out of work or got reduced. 7. Manufacturing still in the slump. 8. High consumer debt rate. 9. RBOC's cutting 2002 cap-ex budget from %25-%50. 10. Terrorism war. There aren't many real catalysts out there to fuel the boom again like Internet and Telecom in '90s. Economy will recover to a normal pace eventually but won't see those 5%-8% quarterly GDP's again. I ain't buying V-shape recovery in 2002 and another bull market underway.