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Strategies & Market Trends : The Thread II

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To: gypsees who wrote (7605)	11/16/2002 1:48:57 PM
From: farkarooski	of 9026

+>+>+> 23 REASONS THE BULLS MAY BEGIN TO TIRE: 1) Cigna slashes profit targets thru 2003 and COLLAPSES 38% in one day! 2) AOL overstated revenue by $190 million over the past couple of years. Probably not very bullish. 3) BMY will restate earnings downward for parts of 2000 and 2001. Bristol-Myers said it will reallocate more than $2 billion in sales. 4) Delta to cut 7,000-8,000 jobs 5) SUNW to cut another 4,400 jobs 6) Duke Energy to cut 2,000 jobs 7) UAL to cut 1,250 jobs 8) Kodak to cut up to another 1,700 jobs 9) Lucent will lop off another 10,000 jobs soon 10) Michigan consumer sentiment...WORST in 9 yrs 11) Possible War? 12) Durable goods? 3 1/2 times WORSE than expected 13) Leading Economic Indicators...4th weekly DECLINE 14) Philly Fed. report-EIGHT times WORSE than expected 15) Consumer confidence...WORST in 9 years 16) Tommy Hilfiger to close most U.S. stores (jobs vanish) 17) Corning to cut another 2,200 jobs 18) Boeing to cut another 1,500 jobs 19) EDS to cut another 1,000 jobs... 20) GDP lower than expected 21) Chicago PMI much WORSE than expected at 45.9 22) Monthly jobs 200% worse than expected 23) ISM WORSE than expected & confirms economic contraction

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