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Strategies & Market Trends : Steve's Channelling Thread

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To: Steve Lee who wrote (28002)	9/19/2001 12:49:49 PM
From: Jdaasoc	of 30051

they can't hold the market up and have settled to lower the support levels a bit at a time. It is looking like GDP numbers looking forward will be strongly negative. I would have to believe recent events have shaved a minimum of $ 100 B of $2.6 T economy. That would be decline in economy of approximately 4%. Unemployment of at least 5.5% is in the cards. Market has no other choice to go lower. It's just a question of how much lower. Also, an area not fully accounted for is housing prices and indebtedness on these properties will take 1-2 years to work off to reasonable levels. In the ST, no bank would foreclose during this armed conflict. They would wait until crisis was over to act. john

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