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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: advocatedevil who wrote (57734)12/19/2001 12:36:18 AM
From: advocatedevil  Read Replies (2) | Respond to of 70976
 
"Tough tech tape predicted in 2002 Commentary: Investors' rosy views face trouble ahead"

By Mike Tarsala, CBS.MarketWatch.com
Last Update: 12:11 AM ET Dec. 19, 2001

SAN FRANCISCO (CBS.MW) -- The three most accurate financial wizards on Wall Street in 2001 are betting that a tough tech tape will continue to give bullish investors fits for much of the coming year.

dark-side snips:

"It's going to be a horrible year next year in the tech world" (Fred Hickey - publishes The High Tech Strategist newsletter - ranks as the top tech stock guru of 2001, based on Validea's rankings of picks made public in the media)

"the telecom industry won't be ready to spend on new equipment for another two years - To believe spending will increase is to think the dead will walk" (Susan Kalla, analyst with Friedman, Billings Ramsey & Co. She ranks as the No. 2 stock picker for 2001)

"betting against the broad "V"-shaped economic recovery in 2002 many tech investors seem to anticipate - shorting the Nasdaq 100" (Douglas Kass, hedge fund manager with Seabreeze Partners in Palm Beach, Fla, the No.3 market guru in 2001)

complete article at:

marketwatch.com

AdvocateDevil