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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: Charles Tutt who wrote (50267)	7/9/2002 4:56:46 PM
From: QwikSand	Read Replies (1) \| Respond to of 64865

This is on Briefing.com. It hasn't been updated for today yet (i.e. to adjust for GWB speech), but I think it still pretty much applies. The bad surprises just keep coming, and they are independent of Bush/Pitt. Bush isn't going to do anything much about anything, and his buddies were and remain the main beneficiaries, there's no doubt about that. But just turning over the rock will have a significant inhibitive effect on the worst of the creeps, and they'll pass a law or two, and the economy will recover some day. If you're looking for politicians of any stripe to really go after the guys with the big bucks, IMHO you're going to have to wait for satisfaction for quite a while. Remember Democrat Bill Clinton pardoned a (rich) fleeing felon on his last day in office. --QS From Briefing.com: Anybody surprised by Monday's decline hasn't been following the markets very closely... Big one day gains, like the one on Friday, are routinely followed up by a sizable retreat... There's simply not enough conviction on the part of buyers to sustain an advance. What hopes investor had that the rebound might extend into yesterday's session were all but dashed by the Wall Street Journal's report of accounting irregularities at Merck (MRK 47.81 -1.05)... Though unrelated to tech, the news rekindled general concerns over the truth in corporate finances... These concerns were fed throughout the day by the Congressional investigation (aired extensively on CNBC) into Worldcom's (WCOME 0.23 -0.02) fraudulent behavior.