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To: sea_biscuit who wrote (25085)	7/12/2002 10:06:46 PM
From: Andy M.	Respond to of 25814

Anybody focusing on earnings and p/e ratios was not buying in late 1999 or early 2000. I know I wasn't. The buyers were focusing on momentum, TA, not missing out, and vague hopes that the cycle in semis, for example, had been repealed and they would just continue heading in the direction they were headed (sound familiar?). They were not focusing on whether companies could actually earn out their multiples and that's what killed people, plain and simple.

To: sea_biscuit who wrote (25085)	7/14/2002 3:34:20 PM
From: uu	Read Replies (1) \| Respond to of 25814

For a good luagh I think everyone should read this week's Barron's! Barron's has published an interview with 2 influential analysts. Both are saying we are entering a depression period that is far more deeper than the post 1929 stock market crash and which will last several years. At the same time, these same 2 analysts are recommending just 2 (and only 2 stocks) for people to buy: Alter and Texas Instrument! So if I understand it correctly, these guys are saying: Sure, people may not have jobs, or the money to buy food to put on the table for their family to eat and to survive for the next serveral years. BUT the need for Alter and Texas Instrument chips will be growing so fast that people would forget about not having jobs or food! Has desperation really made these charlatan thieves calling themselves analysts so stupid to think that there are so many idiots still out there who would listen to them?

To: sea_biscuit who wrote (25085)	7/18/2002 1:44:58 PM
From: Jock Hutchinson	Read Replies (1) \| Respond to of 25814

Mr. Dipy: For what it's worth, I spoke yesterday with some of my husband's old friends who trade the S and P indexes at the Merc. Apparently that 400 point rally that happened Monday was the result of major institutions buying S and P futures. This means that the institutions are resorting to trying to manipulate the market upwards by buying index futures. This tells me that they are facing serious redemptions, and in turn are unable to drive the market higher on a more sustainable basis by buying the underlying stocks. If this is true, then the market has not yet hit a bottom. Mrs. JH