Replies to post #67804 on Zeev's Turnips Patch-No Politics (ZEEV)

[Zeev Hed]

I don't see why it is clear that tech is at the beginning of a turnaround. So far, I see no indications to such a presumption.

Zeev

[Bearmove]

>>>Wall of worry...
We have been descending in the presence of mountains of worry not climbing.
After war worries since last August, I think the public is getting ready to tune Bush out under the assumption that he is going into Iraq and that it will be over with in 30 days.
The war is becoming less of a sentiment factor. The economy on the other hand is becoming the main issue.
It is clear that tech is in the beginning of a turn around and fortunes will now be made by the bulls rather than than the bears as we look forward.
Under these new conditions I expect the P/C to be less than it was during runups.
JK<<<

Where do you see a tech turn around? The only turn around I'm seeing is south. Companies are taking numbers down not up. Valuations are still at bubble levels.

[Dances-W-waves]

Take it from 1 small Tech business owner. We're just tryin to survive......Layoffs(more to come, I think)....workin on ending leases(buildings and equipment) early.....cutting benefits......

No end in sight for this Techie.

:o/

Ramblin

[seabass]

>>>the public is getting ready to tune Bush out under the assumption that he is going into Iraq and that it will be over with in 30 days.<<<

The war itself may be over in 30 days. I don't think it's clear that the aftermath of the war will dissipate that quickly, or how the aftermath will affect the economy, the markets and global relations in general.

[Gizmo]

I'd be happy to be bullish if I thought stocks were worth their cost. I don't believe the bull will return until valuations descend to their historic average. Down is the path of least resistance until all that 401k and IRA money gives up in disgust.

Gizmo