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Strategies & Market Trends : Win Lose or Draw : Be A Steve, Make A Call -- Ignore unavailable to you. Want to Upgrade?


To: t2 who wrote (926)2/6/2003 7:22:00 PM
From: Win-Lose-Draw  Respond to of 11447
 
funny you just posted that. we had a family phone conference thingy on a totally non-market related topic but somehow the market intruded anyway.

even folks who were dyed in the wool long term hold believers are starting to worry and talking about getting out. these are the same people who taunted me in november saying "see! i told you it would turn!". never mind they were still down 70 point on their NT.

anyway, yeah, anecdotal evidence around me points to another wave of outflows. the last rally not sticking seems to have been the last straw...



To: t2 who wrote (926)2/6/2003 7:25:56 PM
From: LTK007  Read Replies (2) | Respond to of 11447
 
I think so and because this is just a developing trend of outflow, it really has been but a rivulet of outflowing the past year; i think we will see a flash flood river before all is said and done.
Sears warns---a major miss on this one
<<Sears: Earnings Will Miss Expectations

By HERBERT G. McCANN 02/06/2003 18:53:48 EST
Sears, Roebuck and Co. said Thursday that its January sales showed a steep decline, and a company executive said the retailer's first-quarter earnings would fall short of expectations.

Sears chairman and CEO Alan J. Lacy said he expects first-quarter comparable earnings per share to be between 50 cents and 65 cents per share. Analysts polled by Thomson First Call had expected earnings of 87 cents a share.>>



To: t2 who wrote (926)2/6/2003 7:31:55 PM
From: westpacific  Read Replies (1) | Respond to of 11447
 
Ol fashioned economics - Supply vs Demand.

Massive Supply and no Demand in shares and what do you have - lower prices.

And why do you think we had Z E R O IPOs in January - all of the above.