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To: horsegirl48 who wrote (7553)5/11/2002 3:59:51 PM
From: Sig  Read Replies (1) | Respond to of 13815
 
Another theory:
This chart shows the Dow is running along like a dream under the careful (?) guidance of Mr G.
siliconinvestor.com
No depression, no 1929, no 1987, no Japanese 1980's etc. That was just all bear talk.
A mere bit of down, but what does one expect when they added Msft, Intc, Hwp to the Dow avg?
And T alone is down 73%
Without those the Dow avg would be up.

For various good reasons, on behalf of the entire country, it was deemed necessary to puncture the tech bubble and there is no question that they (feds and banks) did a very good job.
Still some rotten apples in the tech barrel, so one has to be choosy, I would not get close to Glw, Nt, Jdsu, etc.
What kind of management can lose the billions they blew away? How does one lose say 40 thousand million dollars?
Did it belong to management or to shareholders.? Would you trust them now and are they promising to to earn back the losses and how long will it take . ?
Sig



To: horsegirl48 who wrote (7553)5/11/2002 11:02:24 PM
From: pbull  Read Replies (1) | Respond to of 13815
 
BUD, MO and a few other classic defensive stocks have sopped up quite a bit of cash since the market break in 2000. But you're right, back then people would turn in disgust at any broker who reco'd MO at 20 while all the other stuff was going on.
So, stocks of real companies that generate a lot of cash are still in demand. All in all, that's not so bad. And speculation will return at some point. It always has.

PB