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Top 152. Dec 3, 2001 8:02 AM

» Thruhiker - enron

why in the world is (whats left of) enron in the janus global tech fund? are they freakin' insane???????!!!!!!!

energy ain't tech.

-- posted by Thruhiker

Top 153. Dec 3, 2001 8:09 AM

» mitelo - Re: enron

In response to message posted by Thruhiker:

With all the pipeline right of way I think they were a leader with fiberoptic cable (18,000 mi.). This had been promising for internet, broadband applications, I think.

-- posted by mitelo

Top 154. Dec 4, 2001 5:53 AM

» lcha - Holiday sales

An interesting prediction of holiday sales by a chap who follows gift wrap shipments as a predictor. He says there is a strong correlation between gift wrap shipments and holiday retail sales. He has done this with accuracy for 15 years now.

His bad news is, based on current gift wrap shipments, this is shaping up to be the worst holiday retail sales in over a decade.

Have a great day!

-- posted by lcha

Top 155. Dec 4, 2001 6:32 AM

» Kirk - Re: Holiday sales

In response to message posted by lcha:

Interesting. I read more people were buying online. Could they be sending gift cards instead of wrapped gifts that might scare the mail systems due to the Anthrax scare? I decided to do that this year which saves much wrapping paper for some I used to send wrapped gifts to.

I noticed that Safeway (grocery store near me) is selling gift cards for Nordstroms so the Well Healed Los Altos Shopper can give a gift card from Nordstroms without even driving to the crowded Stanford Shopping Center.

-- posted by Kirk

http://chart.yahoo.com/t?a=09&b=03&c=01&...

Top 156. Dec 5, 2001 1:52 PM

» Kirk - Since 9/10/01

QQQ:
10-Sep-01 $34.10
4-Dec-01 $42.85
up 25.66%

SPY:
10-Sep-01 $108.32
4-Dec-01 $117.40
up 8.4%

-- posted by Kirk

Top 157. Dec 5, 2001 1:58 PM

» Rande - Bull market update of.

Bull market update of....The Latest (through today):

Since Previous Closing Lows:

DJIA (9/21/01) +22.81%
S&P (9/21/01) +21.18%
Nas (9/21/01) +43.82%
R2000 (9/21/01) +26.53%

Also have to update the most recent QQQ move -- now the biggest one since the beginning of 2000 (intra-day low to high):

1/6/00 - 3/24/00 -- +51.1%

5/24/00 - 9/1/00 -- +43.3%

4/4/01 - 5/22/01 -- +54.6%

9/21/01 - 12/05/01 -- +58.64%

-- posted by Rande

Top 158. Dec 5, 2001 2:16 PM

» Rande - Re: Since 9/10/01

In response to message posted by Kirk:

Here's another one for you:

QQQ is up 28.42% SINCE APRIL 4, 2001

All to do with 9/11? Doesn't seem so. We've at least one full month's worth of economic data absent the immediate effects of 9/11 and we may be seeing some light at the end of the tunnel (construction spending, manufacturing activity, personal spending all up and layoffs down). Today's NAPM service sector report above 50 didn't hurt either. The hope for a rebound based on monetary and fiscal stimulous, no matter how well-grounded in fundamentals, has been hypothetical as to timing and degree. What's been needed is some smoking gun evidence that things are stabalizing. Doesn't have to be a portend of a robust turnaround, just a tangible indication that we may have seen the worst. When there's no end in sight, the layoffs continue and the cycle is downward. But managers will be reluctant to lay off if there is evidence of turnaround in the not-too-distant future, remembering how difficult it is to hire qualified people in a growth environment. Hopefully, the evidence will continue to trickle in. Nothing spectacular, just futher confirmation that a corner may have been turned. Of course, there is the continuing "event risk"....

-- posted by Rande

http://www.comstockfunds.com/index.cfm?a...

Top 159. Dec 5, 2001 6:01 PM

» mdorsey - Bubble:

Bubble: The Sequel, Part 2
On May 21st, near the end of the March-to-May stock market rally, the market staged an exuberant advance similar to the one that took place today for many of the same reasons. At that time we wrote a comment titled, “Bubble: The Sequel”. We stated that, while it was entirely possible that the rally could carry further, we believed that it was based on false premises, and would therefore fail. The rally peaked the next day, and was down 18% to new cyclical lows on the day before the terrorist attack.
We believe that the market is now at a juncture similar to the May top for the reasons we have been writing about in prior comments. The following is a brief summary of our recent thoughts. 1) The consumer is extended, with outstanding debt at record at a time of decreasing employment. 2) Early indications of non-auto retail spending points to a potentially weak holiday season. 3) The recession is synchronized across the globe, so help is not available from outside the US. 4) We are coming off an historic economic and financial bubble unlikely to be corrected by an unusually mild recession. 5) Stock market valuations are still exceedingly high, even more so after this rally. 6) Operating earnings are highly overstated, as discussed in past comments. 7) With worldwide overcapacity, global deflation is a risk. 8) The economies of Japan and Argentina could lead to a financial crisis. 9) Investor complacency or outright optimism is high compared to past market bottoms that were typified by gloom and despair. 10) IT overcapacity and surveys indicating reduced 2002 spending on technology means more weakness in this area. 11) Layoffs in the past few months have been running far over anything seen in the last decade. 12) The bounce in most economic numbers reflects a comeback from the unusually low post-attack results rather than a new recovery, and, in this sense, is highly deceptive.

-- posted by mdorsey

Top 160. Dec 6, 2001 11:19 AM

» lcha - Nov retail sales

November retail sales growth came in at its lowest level in over a decade, despite the positive calender shift this year at Thanksgiving. This is in line with the projection made yesterday based on gift wrap shipments I related yesterday.

-- posted by lcha