Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Semi Equipment Analysis -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (3520)	6/15/2002 2:19:42 PM
From: Donald Wennerstrom	Read Replies (1) \| Respond to of 95546

Just read an article on the "front page" of SI that had some interesting comments/observations: siliconinvestor.com Here is a sampling of the information. By Chelsea Emery NEW YORK (Reuters) - Plunging stock prices have sent benchmark indexes tumbling to lows unseen since late September, but don't expect the bargain cavalry to ride in and lasso up beaten-down stocks this time. Prices may have dropped, but there's still too much risk to make new long-term bets on stocks in the week ahead, strategists and fund managers say. But don't expect stocks just to drift lower next week. Prices will likely swing widely as Wall Street scrutinizes the profits of investment banks and the earnings pre-announcements of other companies, reshuffles portfolios at quarter end, and factors in the so-called triple witching day, when options, index options and futures contracts expire simultaneously. The S&P 500 has now fallen 11 of the past 13 weeks, an occurrence seen only five times before in the index's history, according to market research firm MarketHistory.com. The Nasdaq has dropped 12 of the past 14 weeks. This has happened only twice before. The steady drumbeat of falling stocks has traders, normally among the most resilient people on Wall Street, bowed. "We come in at 6:30 a.m. optimistic and we leave at 4 p.m. depressed," Palazzi said. The Nasdaq's behavior corresponds with the S&P 500. The index fell 12 out of 14 weeks over a period ending in September 1974 and March 1982. Both times, investors saw the bulls gain the upper hand again. "By all means, we're in the throes of a bear market, but the data suggests we're very close to major market low points and, in the past, we've rallied significantly," Burke said. Next week will bring the first trickle in a flood of quarterly pre-announcements. The ratio of warnings to positive outlooks has shrunk recently, according to market research firm Thomson First Call. But Wall Street is more willing to sell on bad news than buy on good news these days. Stocks that have performed well over the past quarter may see gains next week, and stocks that have fallen will likely fall more as fund managers rush to reorganize their portfolios so they show winners instead of losers.