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Strategies & Market Trends : The New Economy and its Winners

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To: Mark Fowler who wrote (2911)	11/10/2000 10:29:11 PM
From: Victor Lazlo	Read Replies (2) of 57684

Mark it sure does seem that most of the bellweather co's of most the major tech sectors, and most of the bellweather co's of the sectors that feed them, have warned of coming slowdowns. Where the silver lining is I don't know. Maybe the downdraft we've seen means there can't be much more but I now doubt that. The pres thing is going to drag on and greenspan's not going to lower rates. In fact we could be looking at a real lose-lose screnario: Co profits are slowing (fact) but employment and wages, and consumer spending, remain very strong, so Greenspan cannot bring the Fed to lower rates for the forseeable future. This catch-22 could be death for the mkt, imo. Victor

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