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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Sig who wrote (170291)	7/21/2002 12:34:01 AM
From: stockman_scott	Read Replies (2) \| Respond to of 176387

Markets may be out of sync for a long time-Buffett 7/19/2002 8:24:40 PM WASHINGTON, July 19 (Reuters) - Billionaire investor Warren Buffett on Friday said he believed the stock market could remain "out of sync" with the rest of the U.S. economy for a long time. "It would not surprise me if there was a long period of stagnation or whatever maybe in the market, even though business may be making some progress," he said on NBC's evening news show. Stocks plunged on Friday with the Dow Jones industrial average hitting lows last seen in 1998, as a slew of corporate scandals and dim prospects for earnings continued to take their toll on investor confidence. Despite recent economic data that indicates the world's richest economy is still expanding, albeit at a modest pace, since the July 4 holiday some $1.5 trillion in investor wealth has evaporated from the stock market, based on the Wilshire 500 Total Market Index <.TMW>. "We've had this history where the market gets out of sync with the business world for long periods of time; usually it's because it overshoots in one direction and then over-corrects in the other," he said. Buffett said that while we "certainly" had an overshooting, eventually "stocks will behave in sync with business." On Friday the blue-chip average Dow posted the seventh-largest points decline in its history, sinking 390.23 points, or 4.64 percent, to 8.019.26. For the week, the Dow gave up 7.7 percent, the S&P 500 dropped 8 percent and the technology-heavy Nasdaq shed 4 percent of its value. Economists, many of whom are downgrading their U.S. economic growth forecasts, are growing concerned that the tumbling U.S. stock market could toll on consumer psychology. The White House on Friday said said it still believed the fundamentals of the U.S. economy remained strong. Buffett advised small investors to sit out the market for a while or invest in a low-cost index fund, according to NBC. Shares in Buffett's holding company, Berkshire Hathaway Inc. (BRKA) , closed up $500 or 0.75 percent at $67,000 each on Friday.

To: Sig who wrote (170291)	7/21/2002 2:52:33 PM
From: kemble s. matter	Respond to of 176387

Sig, Hi!! RE: Over the past ten years, Dell is still No 2 on the S+P (500 ?) best performance list with an average gain of 52% I consider Executive compensation way too high for last year but if Dell was at $60 or $80 they would have made billions for the Co. on those puts and you would hear no complaints from me. On July 1st 1863: Had the CSA not stopped for the night to drink water they would have cut the Union forces in half. On July 2nd 1863: If General Warren had not taken charge to stop the CSA from pouring through the gap created when General Sickles foolishly (disobeying orders) chased General Longstreet...Leaving Little Round Top...The Union would again have been cut in half... On July 3rd 1863: Had the CSA artillery not overshot it's mark on July 3rd 1863 virtually destroying but a few hospital tents and supply wagons...General George Pickett would have been able to cut the Union in half... If any of the above consequences had been reversed...There would most likely never have been a "high water mark of the Confederacy"... Many CW historians have concluded that following a defeat of the Union at Gettysburg...The US Congress would likely have allowed the South to "have their way"... History is full of "ifs" and even more packed with "generals" and what they would have done... Best, Kemble