Ray Rund
Ray Rund
companies determined future largely meet
It will largely be determined by how the companies meet expectations and set future expectations,
brush gets guys painted stock tech
Every tech stock gets painted with the same brush those guys get painted with.
face happen people recovery slower stronger
Over the long term, there is a recovery going on, but I think it's slower than a lot of people would like it to be. On the face of it I'd say it's just one day where things happen to be a little stronger than others.
cap includes intel market
Its market cap is so high, so any market cap weighted index that includes Intel is going to be hit.
growth interest people rates start taking worth
People are taking this as a signal. In this case, it's kind of pro-growth stock. The Nasdaq has the most growth stocks, and when interest rates stabilize, or go down, people start to think of growth as being worth more.
capacity decisions demand equipment increase industry low people placing start sustained
These aren't decisions you make on a day or two basis. Capacity utilization in the industry is low enough that there would have to be a sustained increase in demand to see people start placing new equipment orders.
entire incredibly intel leader market negatively respond seeing
Intel is the leader in the semiconductor market. They're No. 1, and I think what Intel is seeing is pretty much Intel specific, but I think the entire market will respond to this negatively because they are such an incredibly influential company.
bit run seems stocks taken
Seems like some of the stocks that had really run up have taken a bit of a tumble as of late.
continue maybe period quarter talking tend weak
I tend to think we're in for some period of weak growth, and I'm not talking about a quarter or two. I think for all of 2003 maybe into 2004 we'll continue to see weak growth.
acting everybody hopes low lucky maybe oil prays prices rally reduction stay year
The reduction in oil prices is what's acting on people's psychology. Maybe we're going to get lucky and oil prices are going to stay low and we're going to get this end-of-the year rally that everybody hopes and prays for.
afraid basis companies driving funny growth historic miss next people point reported robust seeing sentiment stocks
We're at a funny point in the cycle. The companies have reported that they're seeing some growth for the next quarter, but it's not robust growth, and the valuations on a historic basis are still pretty full. What's driving these stocks is sentiment -- people are afraid that if they miss them now they'll miss a big run-up.
buzz consumer digital home larger opening products share taking today
Today is the opening day of the Consumer Electronics Show in Las Vegas, and there's a lot of buzz about new products for home and digital entertainment. They're taking up a larger share of the semiconductor market.