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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: energyplay who wrote (52923)9/3/2004 2:31:58 AM
From: $Mogul  Read Replies (1) of 74559
 
"I expect enough will show up as hiring, especially as 2005 looks better. 2005 was expected to be a major down year- now at worse it should be flat. This will bea big change in expectation".

Based on what factual data?

I see a 15%+ decline in GDP growth next year and a S&P 500 top down and bottom up decline of 5%.

And the street is as complacent as ever.

$Mogul
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