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DH,
you don't really believe in all that fundemental mumbo jumbo do you?
Institutional investors are hired to buy stock - and manipulate markets -
which is why the markets not gonna fall like a stone - and since when did
earnings ever stop fund managers making crumby decisions for their
investors? 85% of em can't even beat the index..
just a thought !
>
>Maybe I'm naive but I just don't see why the market should skyrocket
>higher, other than retail investor psychology. Here's my rationale for a
>weak market...
>
> o The same conditions that put us in this mess (global credit
> crunch, declining earnings, collapsing foreign markets, etc) are
> all still in place. Nothing has changed to warrent the optimism
> that is bouying the market.
>
> o A cut in interest rates won't bail us out. Low interest rates
> are good for the economy but can only go down so far. Soon they
> will presage a recession.
>
> o Third quarter earnings have been surprisingly good but like
> previous quarters, no great shakes.
>
>I see more potential downside risk than upside profit.
>
>- Hacker
>
>---
>Dark Hacker
>| Fortress Of Computation
>hacker@xxxxxxxxxxxxxxx | http://www.computation.com/pub/hacker/
>
>Investment and Market Outlook:
> http://www.computation.com/pub/hacker/Investment/index.html
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> http://www.computation.com/pub/hacker/Bishop/index.html
>____________________________________________________________________
>
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>
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