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Author: DocHymnody Three stars, 500 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 361  
Subject: Re: BNBN, the Fed, and stuff Date: 6/26/2003 1:24 PM
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We are coming up on the end of a quarter. Fund managers just want to get through the end of the month without any nasty bumps, same with Easy Al. We maybe get a mark-up over the next few days so the quarterly fund performance numbers can look good. But, after the 4th of July, I am concerned about a slide. We just had another scandal break with our friends at Freddie Mac, IBM is being investigated by the SEC, last year's second half recovery never materialized, nor did this year's first half recovery, and I doubt you will see the much hoped for second half recovery this year either. I think that July marks some profit taking and higher activity by the shorts and then a slide.

Interesting take. Some of the consumer news has been strong. There were some who didn't want the Fed to lower rates this time ... feeling it was unwarranted. I doubt we will see a July slide. Tax cuts will kick in, consumers are feeling a bit more confident, and I think the major corporate scandals are winding down (if they have something to bring into the open, now is the time).

The recovery has been slow (don't I know from a job standpoint) but a REAL recovery takes time. Way too much momentum to turn on a dime. I think we will see some up and downs, but a generally slow trend upward.

But who knows. If the Royals can finish June above .500, anything is possible. Nothing is following expectations.

No kidding! Or the Colorado Rockies for the matter. They have often been in the hunt until June and then had the "June swoon" as the fans call it. Not this year.

Well, sorry for the rant. Nice to have a quite place to vent or compose some ideas, though. Anyone can feel free to agree or disagree to their heart's content.

Is there anyone left? No recs lately, no comments. Either everyone is gone on vacation or just gone.

BNBN's run may have been Harry driven ... but it seems to be holding above $2. Volume has been much better. Perhaps there is some honest interest in the company again.

Doc
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