Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Harmond who wrote (21528)	7/26/2004 7:58:33 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 57684

Earnings expectations for technology and consumer discretionary companies may be too high. Because investors consider them market leaders, they may incorrectly conclude that overall earnings are slowing dramatically. But hearty growth in earnings at materials, energy, and industrial companies is likely. I remember Lazlo Birinyi saying something like "we have to get over tech" a year or so ago. This market isn't worth investing in unless we get leadership from growth companies. Oil and steel just don't do it, for one thing you can produce industrial materials almost anywhere in the world cheaper than here. Wall street is just going to whine and cry in a bear market until tech comes back.