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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?


To: James Strauss who wrote (10937)4/26/2002 4:18:08 PM
From: Bucky Katt  Read Replies (2) | Respond to of 13094
 
Well, I think the market is telling us no one is listening to the analysts and economists anymore.
The new c/w is they are, and have been, full of sh*t...
I have always thought that, and it has made me $$..

Weren't they talking about a first quarter recovery not long ago? What is next, 2nd half of 2003?

My feeling this minute, and I can change gears fast, is that the market can fall hard, very hard, in the near future, then when the dust settles you can buy the fear with both hands...We are not there yet, we need a panic washout..

Take telcos, all of them. A world-wide over capacity situation nneds to be worked out, and it will not be done next week. I put that link to a digital switch priced for next to nothing on Ebay not long ago, that tells the story.



To: James Strauss who wrote (10937)4/26/2002 4:19:57 PM
From: tsigprofit  Read Replies (1) | Respond to of 13094
 
Jim - GDP was up strongly, but the corporate sector
is still in pretty bad shape.
I saw that military spending had the highest increase
since 1967 - as it probably should have given the current
situation - but this really helped those GDP numbers.

That - and the consumer.

The corporate sector - things like computer services,
and related corp. spending - that stuff is still in a major
recession - worse since 1982 at least.

Matt