Como se combate o populismo? "Com eleições", responde Fukuyama

[Infoo]

bem... hoje no pré... pumba.... e no início de sessão... pumba

e os downgrades lá começam (briefing.com)

CIBC Wrld Mkts
From Sector Outperform To Sector Underperform

Morgan Stanley
From Overweight To Equal-weight

Canaccord Adams
From Buy To Hold

Lehman Brothers
From Overweight To Equal-weight

[Infoo]

esta da Microsoft no After... huuuuahhhh... será que amanhã também temos uns downgrades?

MS Vista nem de mirage, MS Live nem em replay... e a concorrência está de pegar de frente o touro

entretanto no after cai cerca de 6%

[Ulisses Pereira]

Cramer não acredita neste rally.

"Tech Rally Won't Last"

By Jim Cramer
RealMoney.com Columnist
4/27/2006 1:14 PM EDT


"Tech wants to go higher here. Intel's (INTC:Nasdaq - commentary - research - Cramer's Take) putting on a great face at the analyst meeting so it isn't hurting us. People think that Microsoft (MSFT:Nasdaq - commentary - research - Cramer's Take) can deliver a good quarter. We have the Broadcom (BRCM:Nasdaq - commentary - research - Cramer's Take)/Qualcomm (QCOM:Nasdaq - commentary - research - Cramer's Take) complex at last getting off the dime. The MRV Communications (MRVC:Nasdaq - commentary - research - Cramer's Take) report is helping the group (don't forget, Conexant (CNXT:Nasdaq - commentary - research - Cramer's Take) is on tap after the close and I think it will be good). Plus, we had a rare good article about fiber in The Wall Street Journal, which should be working for everything from Level 3 (LVLT:Nasdaq - commentary - research - Cramer's Take) to JDSU (JDSU:Nasdaq - commentary - research - Cramer's Take). Even Seagate (STX:NYSE - commentary - research - Cramer's Take) is rallying.



1. Citigroup Cuts Dell to Sell
2. Google Blows the Doors Off
3. Apple Rotten to PortalPlayer
4. Google at $600 Isn't So Eye-Popping
5. Gold Has Icarus Moment





I, for one, think it is not sustainable. Perhaps we will get some positive chatter today, but if Microsoft doesn't do well -- and I don't have any idea of whether it will -- we will give back these gains. The group's got no momentum going into the summer and given that there is no Vista in sight, you lose a lot of the reason to buy. The buying is concentrated in FTTP and some cell-phone stuff, mostly because of competitive forces (cable vs. telephone, telephone carrier vs. telephone carrier).

I think that anything away from those two sectors in tech is just a trade. I sure wish I could be more bullish, but PCs have become like mid-ranges in the previous decade; they don't work as a theme. And the Web seems to be off and on. For every Monster Worldwide (MNST:Nasdaq - commentary - research - Cramer's Take), we get a CNet (CNET:Nasdaq - commentary - research - Cramer's Take)!

I would be very careful away from the complex of telco/cable/wireless. There's just no there, there. "

(in www.realmoney.com)

At the time of publication, Cramer was long Microsoft and Qualcomm.