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Strategies & Market Trends : Sharck Soup

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To: Sharck who started this subject	2/12/2001 12:36:20 AM
From: Devin123	Read Replies (1) of 37746

These are the kinda headlines that are gonna bring the NAZ and Dow down (all from a.m. edition front page WSJ): * * * California is balking at paying some of the money needed to buy electricity. Only a court order may be keeping some generators from cutting off supplies. * * * * * * Economists expect this year to be the worst for the U.S. economy since 1991, with a consensus forecast of just 2.1% growth. But only 5% think the economy is in a recession. * * * * * * The major stock indexes have fallen back almost to where they began the year. Last week, the Nasdaq lost 7.1%; the industrials and S&P 500 also fell. * * * * * * Lechters is closing 166 stores, laying off 30% of its staff and expects to take a charge of $36 million to $40 million. * * * I see tough times ahead and will keep shorting stocks for now.

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