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How can YOU ignore everything besides the tech
sector? If everything but the tech sector has turned the corner on the
economy, that sounds like a good thing to me.
With respect to the "derivatives bubble", prove to
me that there is one. This is the first I've heard about it. Lately,
Warren Buffet has been saying a lot of stuff with which I don't
agree.
FYI, consumers have been repairing their balance
sheets as well. Sorry I can't remember the numbers on that one
either. It's not as dramatic as the improvements on the corporate side,
but it was an improvement.
So you're joining Simms on predicting MASSIVE
Great Depression II.
Kent Rollins
----- Original Message -----
From: <A
title=bradcline@xxxxxxxxx href="">Brad Cline
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="">realtraders@xxxxxxxxxxxxxxx
Sent: Friday, May 23, 2003 2:08 AM
Subject: RE: Re[3]: [RT] spx daily
How
can you ignore the tech sector? That's like pro forma accounting. If I didn't
have to make my house payment everything is rosy. The markets have seen
their lows only if the derivitivies bubble doesn't burst, or consumer debt
doesn't come home to roost. Warren Buffet has said that derivities are a "time
bomb" waiting to happen. Maybe the fed will be able to balance everything out
over time but I wouldn't bet on it.
<BLOCKQUOTE
>
<FONT face="Times New Roman"
size=2>-----Original Message-----From: Kent Rollins
[mailto:kentr@xxxxxxxxxxxxxx]Sent: Thursday, May 22, 2003 8:12
PMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: Re[3]:
[RT] spx daily
Corporations have been doing balance sheet repair
for 2 years now. AT&T alone has eliminate over $50 BILLION in
debt. I saw on the tube last week someone who had a stunning statistic
on what the S&P profits are if you ignore the tech sector. Wish I
could remember what that statistic was. And the tech sector will fall in
line soon enough. You are stuck in a rut. The markets have
seen their lows. Shake it off.
Kent
Rollins
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