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Politics : High Tolerance Plasticity

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To: The Ox who wrote (1905)	3/19/2001 11:01:06 AM
From: ItsAllCyclical	of 23153

>> Will they cause the USS economy to 'tank'? I don't believe they will. << We don't need the economy to tank to get further selling in techs and blue chips. Right now most of the analysts have high year end targets for the S&P 500 and the Dow based up the US returning to 3%+ growth. What if we hover around 1-2% for the next 12 months? Estimates will have to come down and right now the DOW and S&P are the only things holding this market up. I don't think the US economy will tank either, but I think it could be subject to extended weakness due to both Japan and the US slowing the world economy down. I don't think this has been priced into the S&P 500 or many tech stocks yet.

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