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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?


To: Proud_Infidel who wrote (21494)7/26/2004 12:55:20 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 57684
 
We have had companies guiding higher.....maybe just not YOUR companies.

Lets not get petty here. I own 3 stocks right now, because this is a bear market, or one hell of a correction however you want to characterize it.

IBM's conference call was FULL of the term "difficult sales environment". Nobody is guiding up, about a week ago we had a downgrade of 30 semi companies all in one day.

Sure there is one or two standouts like maybe ipix and a few other small names. But thats it. The market is reflecting this reality.

I still say the market at least stalls around the 1780 area, and then maybe a further slide or a little relief for a while.