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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: LTK007 who wrote (13143)	11/1/2002 12:09:32 PM
From: LTK007	Respond to of 30712

deja vu deja vu, the same old same old over and over and over << Business - Reuters Stocks Turn Positive on Hope Worst Over 53 minutes ago By Denise Duclaux NEW YORK (Reuters) - Stocks erased earlier losses and swung into positive territory on Friday as investors took in stride weak reports on jobs and manufacturing amid hopes that the worst was over for the anemic economy. >>http://story.news.yahoo.com/news?tmpl=story&ncid=578&e=3&cid=568&u=/nm/20021101/bs_nm/markets_stocks_dc The media never gets tired of lying to you and to itself(media people own stock too).

To: LTK007 who wrote (13143)	11/1/2002 12:35:12 PM
From: 16yearcycle	Read Replies (3) \| Respond to of 30712

Like the experienced Wall Street trader said 29 years ago to the question of what the hell was going on: "they are discounting the hell out of hope." Max, they aren't discounting hope as much, and if the keep doing this until CSCO and MSFT and INTC etc, all start seeing 8-10% sequential growth in 6-9 months, this thing will be twice as high in a year, and it will keep going for an additional year, at least. I remember when amcc initially collapsed. It fell 60%+, and had a pe of about 50 all of the sudden, and the ceo was on cnbc all worked up and pounding the table that they hadn't even seen a hint of a slowdown in demand yet. They were still growing 25% sequentially. Of course, two years later its down 98% or so. Are we getting the reverse of this? ps. Dan Niles who has been bearish as anyone the last 12-18 months or so, is sending reprt after report out saying that cap ex is improving. There is some evidence of this.