Monday, 12/16, Market WrapUp (Second Half Recovery For 2003)

Financial Sense Online ^ | 12/16/2002 | James J. Puplava

[rohry]

Second Half Recovery For 2003...

"Wall Street analysts and economists have been forecasting a second half recovery for the last three years, and for the last three years they have all been wrong. Now they are forecasting a second half recovery for 2003, which will be the fourth time they have made this forecast."

[rohry]

Market WrapUp is delivered...

[imawit]

How many more years before they get to say "see we told you so" ?

[rohry]

"How many more years before they get to say "see we told you so" ?"

About 50, I reckon....

[rohry]

"Dell has solid growth in a sorry business but is overpriced and a superb short."

The company that I work for (PR analysis) just lost a BIG contract with Dell. Do they know something that we don't?

[arete]

Now they are forecasting a second half recovery for 2003, which will be the fourth time they have made this forecast."

I just didn't think that they would have enough nerve to say that "second half" recovery line again, but right there on CNBC today, some turkey was talking about the big second half recovery for tech. Unbelieveable!

Richard W.

[dalereed]

But did they say what was recovering?

Could have been thinking aout his mother and the flu!

[rohry]

"The company that I work for (PR analysis) just lost a BIG contract with Dell."

I forgot to say that no other company has picked up their business...

Do they {Dell} know something that we don't?

[arete]

Gold closed above $330 for the third day to close at $337.60 in the futures markets.

Does anyone think that the FED may be buying gold to make it look like the reflation plan is working? They don't want us (us being the serfs) thinking about or even mentioning the "D" word anymore. Anyway, I'm sure that those price spikes can be explained many different ways, but it sure does make me wonder if it isn't just another magic trick to help keep all Greenspan's balls in the air.

Richard W.

[palmer]

It proves once and for all that the mania and bullish state of the markets are still with us.

Of course they are. As shown this chart of 50 years of the S&P 500, the current bull market has corrected for the excesses in late 98 and 99, in fact has overcorrected. So I would believe the forecast of 1150 I read about today.

[DeaconBenjamin]

You must draw your line a little higher up the curve than I do.

[palmer]

Was trying to be sarcastic, but it's hard with this market. I could make that statement to any number of people I know and they would think I was being serious.

[steveegg]

"The company that I work for (PR analysis) just lost a BIG contract with Dell."

I forgot to say that no other company has picked up their business...

Do they {Dell} know something that we don't?

Dude, if you're into a groovy stock, you ain't gettin' a Dell. <VBG>

[AdamSelene235]

Check this one out.

Uh oh

[EVO X]

Since early 2000 Hickey has remained bearish the sector and has refused to be faked out by any of the short-term bounces in technology. He still remains bearish the sector and believes we are far from a bottom. He believes that investors and fund managers who have taken collective leave of their senses chasing these stocks these last eight weeks are going to have their heads handed to them on a platter.

Shouldn't that be a silver platter?

[palmer]

It seems to me that FNM picked up some support from the implosion of the real bubble stocks.

[dalereed]

"The Depression of 1990"

It nearly bankrupt me and put me out of business.

today I only make 25% of what I did in the 1980s.

[Billy_bob_bob]

I just saw gold hit $340 on kitco.com, so I guess the short term trend is still up. I am surprised to see gold moving up after such a strong up day on the stock markets. I'm still expecting to see gold pushed down below $320 one more time before it heads up over $360.

[Lee_Atwater]

I am watching the overnight action as well. Many mining stocks should do well at the open in New York! Got as high as 341 in the last hour (2am EST).