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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (70555)	5/22/2002 10:46:30 PM
From: Earlie	Respond to of 99280

Zeev: Your understanding of mass psychology is much better than mine will ever be. And I agree that the Fed has poured a river of liquidity into the system over the last few years. What worries me the most and why I tend to think we see negative fireworks in the near term is that most corporations are experiencing a complete profit implosion and many of them are already incapable of servicing their debt. This looks to me like it is going to exacerbate an already worrisome situation. When one company defaults, it sends out powerful waves that put the lined-up dominos in action. I hope you are right and that it gets strung out over time. As far as the semis are concerned, the end markets define their future and as noted earlier, those end markets are a mess. Many semi stocks are still trading based on a nostalgic (late 1990s) view of the world. Best, Earlie