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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?

To: Chip McVickar who wrote (7835)	1/12/2002 11:41:33 AM
From: robert b furman	Read Replies (1) \| Respond to of 8150

Hi Chip, I think you've just prescribed exactly what the market needs to build greater strength. Most stocks after thorough distribution require years of technical building.These are most often boring and longer than most 99 traders will care to wait.During that slow boring time technical strength will build as accumulation of the stock migrates to strong hands. One of my favorite themes is the semiconductor stocks. They were the first to fall from the heavens and most of them have bottomed out way back in October of 2000.Since then we've gone thru a double or triple bottom that is already almost 1 1/2 years old. I think central to this markets success will be Greenspans comment about realtime technologies defining the slow down faster than past cycles.This undoubtedly led to the fast deterioration of the sector in general.Accordingly his anticipation of it also leading to a quick resumption makes a lot of sense. I think this recession is better described as a unilateral inventory selloff that coincided not only amongst many sectors but also globally. I think it is probable that the economic resumption and growth could easily be as unilaterally positive and global in impact as well.Afterall interest rates have gone down globally as well. As stability becomes acknowleged - our digital revolution will become necessary to be competitive for all businesses.The recent and highly unusual upgrade of General Motors competitiveness, can to a large degree be attributed to there first in industry implementation of internet based systems, with in their entire organization.This goes for their manufacturing processes and their entire dealer organization.IT WORKS.This has also been triumphed by GE.Both companies have actually spent more in 01 towards digitization than they did in 00. As all competitors understand they must go thru this transformation,I believe the re-emphasis of our tech favorites will accelerate much faster than most anticipate. This process will become a "must do" to regain competitiveness (like ford must undertake).I think most will probably call it " The son of Bubble ". JMHO Bob Good skiing