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To: Lizzie Tudor who wrote (65692)	7/2/2004 12:46:43 AM
From: Paul V.	Respond to of 77400

Lizzie>Net net, technology stocks are going to be dead for years.< Just reread Harry Dent's Forecast. he states, "The next major wave should launch between late 2004 and early 2005. . . .the next wave could carry us to something around the 11,000 range before peaking out initially. . . .Then mid-2004 we should see the next, more massive wave up between the second half of 2004 and early to mid-2006. . .the bably boomers started their retirement cycle in 2000. The only real increase in our workforce, on average, will tend to be immigrants. . .we will not have rapid workforce growth beyond rehiring the workers that were laid off and the immigrants that continue to enter. . .it means that business are going to have to imvest more in capital spending on technology and machinery to get greater productivity our of a slow growing workforce to meet the stron demographic demand that will build again in this decade semiliar to the 1909s due to rising peak spending trends for baby boomers. . . we will not see quite as high a growth rate of the workforce as in the 1990s. . . meams greater bisomess s[emdomg pm technology and continued exporting more jobs overseas to meet rising spending - and that has been another concern of the economist." lizzie the above is quite revealing. Paul

To: Lizzie Tudor who wrote (65692)	7/2/2004 9:47:58 AM
From: Elroy	Read Replies (1) \| Respond to of 77400

Many of the remaining tech stocks are immensely profitable now. But the stocks aren't moving, nor will they. You already forgot 2003 when the Nasdaq was up something like 47%? Elroy

To: Lizzie Tudor who wrote (65692)	7/2/2004 11:35:54 AM
From: Amy J	Read Replies (1) \| Respond to of 77400

Hi Lizzie, "Treasury Secretary John Snow said that he's not concerned about the jobs report." money.cnn.com Click on the salaries of the so-called high-paying jobs, and it's a shocker: money.cnn.com "Well-paying jobs with openings" - their definition of well-paying is mid-50s. money.cnn.com "I don't see any storm clouds on the economic horizon," said Mark Vitner, senior economist with Wachovia Securities, who is forecasting 270,000 new jobs in the June report. "We don't see any potential land mines or problem areas. Even an attack on the scale of 9/11 would not cause the economy to go into recession in the next two years." ... "Could it [recovery] last six months? Yes. A year? Maybe. Two years? No way," he said. ... "Between 2000 and 2020, you'll see 50 million people retiring to be replaced by 30 million," he said. ... When everyone retires on us, we're going to be even more screwed because labor costs will shoot to the moon along with higher fica costs, dragging our stock profits down to nothing. (I'm exaggerating to make a point, but it does make you wonder how companies are going to find employees in a few years.) Regards, Amy J

To: Lizzie Tudor who wrote (65692)	7/2/2004 11:55:10 AM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Hmmm. Fidelity Select Technology fund was up 59% last year and is flat this year. So although this year's flat, I'd say that's because we are in some really uncertain times due to the upcoming election. Anyone remember the stock market movement in the runup to the last Presidential election? I do. Not much happened. So don't expect much but sideways movement until Bush is re-elected. Then expect a very nice 2005 surge akin to what we got in 2003. Caveat: Any terrorist attacks make the future much more murky and would invalidate any forecast made above.