Double dip a possibility
Global crash fears as German bank sinks
I talked today with a shareholder in AMD, they bought in at $15 before the last split.'
I told them that the tech was great back then, but any value over $60 was high. They held all the way up to $80, through the 2-1 split and back down now at <$4
Right now I can not recommend any tech stocks. The market may turn around with positive direction on the world stage, but the continued uncertainty about the Middle East, combined with the telecom 'burst bubble' makes any sure bottom unknown. Look at Lucent they're at 68 cents today, and have $1.58 listed as cash in the profile. 68 cents for a company that was spun off from AT&T.
Figures due to be published on Friday will show that a toll of stock market falls, rising joblessness and war fears is finally denting the spending habits of Americans. Economists fear that the result may be a 'double-dip' US recession, taking much of the world with it.
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