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To: Fudd who wrote (7910)	4/22/2002 12:16:25 PM
From: farkarooski	Respond to of 48461

this is an email from trendfund.com this morning If WCOM said they were going out of business, which we believe they WILL by year end... Investors would still rush in and buy them thinking they were lying and it was a good deal. I mean, "WCOM can't go out of business...can it?" The state of the market is still very much in a BULLISH head. Despite record short interest(which is a BULLISH indicator), despite bad earnings (a BEARISH indicator), despite threats of war around the glode, despite increasing signs of INFLATION, despite RECORD consumer DEBT, and despite the markets trading at record P/Es, you still get analysts upgrading stocks daily. At some point the market will roll over and play dead. Thats the day we'll go long our port and swing the market bullishly. On Friday on CNBC there was some "analyst" saying that the markets selloff because of fears of another terrorist attack in Italy the day before was an overreaction and that if "WE" recall the day after 9/11 the market dropped 500 pts and it was a "great" buying opportunity. Really? The fact that the market then proceeded to drop another 1000+ points seemed to escape the idiot. This fact also escaped whomever interviewed the cretin. Buying the market blindly is still going on. WCOM just made a daily high. Its somewhat understandable because shorts are covering the stock, but I also would wager that there are funds buying it here thinking this is as low as WCOM can go. These are the same funds who bought LU and NT and 1000 others because it was as low as it could go. For those amongst you who believe that the Nasdaq can't go below 1000, check the records is my suggestion to you. When I called Nasdaq to 2500, then 1500 from nearly 5000 NO ONE said it was possible. We're traders, so we do what we do and we don't really care about the long term prospects of the market. In fact, if anything we prefer rallies to days like this cause its easier to make money on Trend UP days than Down days. However, one has to be blind to not see the writing on the wall. MSFT warned, IBM warned. These are companies that NEVER warn. IBM hadn't warned in 12 years. This naive view that earnings have to improve is both irresponsible and totally without merit. WCOM will almost certainly go out of business, or at the very least trade down to $2 or less by year end. Can it trade to $10? Sure, why not, but the odds are against it doing so based on LOGIC. Yet, as stated, there are enough morons out there willing to throw their money away because WCOM is an ICON. When I lived on the streets, you know what my ICON was? Bread and water. As a nation, we need to reflect on our Icon's and start to reevaluate our thinking. WCOM is worthy of being an icon as much as Jack Walsh is, or Bill Gates. These are mere mortals who are flawed and not as brilliant as we give them credit for. Brilliance takes into account the SOUL of the universe. It makes people part of the equation. The tobacco companies were "brilliant" money makers, but they certainly were not brilliantly run. Not when you consider they lied about the effects of tabacco and killed millions. Thats not brilliance, thats hubris and greed. Investors are still stuck in GREED mode. Perhaps when more Enrons and WCOM's go under they will finally get "IT." I truly hope so. WCOM a buy here? ROFLMAO, yeah, sure it is. See ya on the other side, WAXIE