[RT] MKT: State of the nation

["Gitanshu Buch" <onwingsofeagles@xxxxxxxxxxxxx>]

2 down, 2 to go.
 
Meantime, from Reuters, the tale told by 2 
headlines:
 
Pfizer operating income rises 30 percent (GB's snide: Rises, as in 
Fact).
 
Nortel expects to grow earnings per share from operations growing in the 30 
to 35 percent range. 
 
(GB's snide: EXPECTS to grow, as in "forward looking statements" as in 
"past performance is no guarantee of future results" - as in the same company 
said "expecting to grow business to $12 billion" and now says, "oh by the 
way we're on track to grow to $10 billion").
 
A sedate drug company's earnings growth now equal to or 
greater than a fiber optic company?
 
The state of the nation is confused, indeed.
 
I can see why there is good relative strength  in 
the DRG charts. Growth managers are buying the other shoe for the growth foot: 
Pharma's.
 
Expect, a few weeks/months down the road, people pushing drugs 
on tv. 
 
That will be when the drugs peak. 
 
Just as Energy peaked recently. 
 
Just as techs peaked when they could find nothing else to 
buy/recommend that other people buy.
 
Just as Optical or Bust was the battle cry a few weeks after 
Dot Bombs exploded.
 
As the old Cathay Pacific print ad once said, 

 
"Celebrating a world where a French Open champion is an 
Amercan named Chang".
 
Gitanshu
 
PS: The "and then there were 2" reference? 
 
Bubbles.
As in Storage.
As in Biotech.
 






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