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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Lizzie Tudor who wrote (15974)1/30/2003 1:56:57 PM
From: yard_man   of 19219
 
this is BS cheerleading and plain wrong -- I will try and find the link to Dr. Richebacher. Productivity is BS. It is net capital investment that is needed ... upgrading software isn't gonna do it.

Construction does matter and so does debt. What is going to be the foundation for profits in the coming turnaround??
There has to be some acceleration of sales for someone -- the consumer hasn't cut back -- so it isn't coming from consumer spending bouncing back from terribly anemic levels -- as was the case in the early 90's.

Surely you don't suppose that profits are going to appear with sales declining for everyone??

Right now, I know of two areas of the economy that have significant growth -- homes and autos -- but that growth is slowing and can't power a recovery -- where is the growth going to come from -- war spending??

>>The construction collapse isn't necessarily bad news for the economy. Companies that are spending little on structures have been able to redirect more of their limited capital budgets to info tech and other new equipment that can quickly enhance productivity, notes Richard B. Berner, chief U.S. economist for Morgan Stanley. True, the quarter-to-quarter gains this year are a far cry from hikes of 18% to 20% in early 2000. <<
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