Thursday, December 31, 2009, 3:03AM ET - U.S. Markets open in 6 hours and 27 minutes.
Still believe the myth that technology isn't subject to rocky credit markets? In this segment, Paul Kedrosky highlights a new fear for tech investors: Telecom equipment stocks. Big projects like 3G wireless roll outs in China are subsidized by debt, no matter whose balance sheet it's on. And while telecom equipment stocks are down, they've mostly just fallen with the market. Kedrosky expects more declines in the sector, and ultimately consolidation. Watch the video to see his prediction for what big telecom equipment maker doesn't make it out of this downturn.
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Maggie - Saturday October 11, 2008 01:49PM EDT
I have been in the stock market since August of 1987. I have watched some very unprofessional things being done. I watched the luxury tax being sold to the public in the late 1989 as the mother of all balanceing of the budget - that was to only tax the rich. I watched people lose their jobs for the next two years. I also watched the economy go down with that job lose. I watched the next adminstration do another mother of of all balanceing the buget was to shut down military instulations that had several thousand people civilans working for them. I also watched that same adminstration sign a Chinese Trade Agrement and a NAFTA treatys. I watched jobs leave as a reasult. Then in 1998 I heard the announcement that the banks were being dereguated. Then I watched the warning not headed in 2004 on Freddie Mac and Fannie Mays. I watched my friends live off of credit. Because it was easy and the thing to do. No money of their own to spend. Where were the all of you when all of these things were going on. All of these things are as a result of loosing an economy that was not good in the 1990's from the Chinese Trade Agrements and The NAFTA treats. You are now concerned because it as come to haunt you all. The Telecoms have survivied the Depression of 1929. They will do just fine on our monthly payments to access the internet and the calls we will make to our kids, grandparents, friends, and our parents. They have a very well paid staff that reviews the present laws and future ones with the concept of what people will do. This down turn to them is nothing but a small bump in the road. But the question is how - How are you all going to fair with no jobs? The sentiment is toward green. What is green? Manufacturing is a poluter. But every business is and every person living in this country is a poluter. So where is reality going to set in?