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Strategies & Market Trends : Sharck Soup
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To: Sharck who started this subject1/25/2001 8:56:09 AM
From: Sharck   of 37746
 
Mornin PP, Well yes that is an interesting question as unemployment suggests potentially more signs the economy is slowing which of course could be followed by more missed earnings. But remember, mkts are forward thinking, (though that is arguable) and they believe that the higher UI number will again shift Greenies attention from inflation (and a tighten bias) to recession and a rate cut bias. Which is viewed as a good thing for the companies who have to borrow tons of money to keep operating... Still like walking a tight rope which makes Greenspans job a bit tricky as his enemy has traditionally been inflation and his mandate is to keep the economy truckin along. Hope this helps, and congrats on that FDRY pick, I do like the company too....
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