[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...

[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.

[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.

[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?

[Tauzero]

"Wall Street is telling you to buy while the people who run the company are selling off their shares in record numbers."

Similarly, while individual investors are advised to buy and hold "for the long term", mutual fund managers don't practice what they preach.

[Tauzero]

Eventually the calls for a recovery will be right.

As in "dead cat bounce".