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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (27707)1/24/2003 12:48:49 AM
From: Maurice Winn  Read Replies (1) | Respond to of 74559
 
siliconinvestor.com

2003? Well, maybe even longer. Since you mentioned hairy legs, I've been watching for them. The shape is aesthetically pleasing, like Mount Fuji or Taranaki. The shape has been repeated many times, with a shorter wavelength. Such as the short wavelength siliconinvestor.com The medium wavelength siliconinvestor.com and siliconinvestor.com

Full exposure of GE hairy legs could take all of 2003 and maybe into 2004. I suppose the bottom will be in at some stage, but some whittling away seems likely. I suppose they have major debts, having grown so much over the decade, so when interest rates rise, they might suffer somewhat and have to convert dividends to interest payments.

But a great deal of those Mt Fujis have reached back to the ricefields, in which people are again labouring after rising to the heights of hope for a while. The GE crowd seems to be only partly down the hill.

There seems little prospect of a major crunch now.

Mqurice