Posted on 12/05/2001 10:00:09 AM PST by TPartyType
Maybe, but not for the reasons that you might think. Everyone I speak to in the tech sector tells me that they are busier now than they've been since 1999, so the rationale behind my forecast is dead-on.
One thing is for certain, though -- stock prices in almost every sector are down for two reasons: 1) corporate earnings are down (i.e., even "busy" companies and sectors aren't generating large profits on their sales), and even companies with good earnings have to contend with stockholders who are rightly skeptical about the integrity of their accounting practices.
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