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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Robert Douglas who wrote (2631)	12/20/2000 3:56:41 PM
From: Paul Berliner	Read Replies (1) of 3536

Hi Robert, and thanks for trying to spark this beloved thread. I agree - I think new car sales are a key barometer for the health of the economy and they are falling off of a cliff of late. We are completing a perfect boom/bust cycle straight out of a textbook. Cummins Engine was forecast just a week ago to earn $4.00/share next year and now they are forecasting a loss of .50 and curtailing production. I look back and laugh at the fools who argued less than a year ago that the business cycle as we knew it had ceased to exist thanks to the 'new global economy.' Har Har Hardee Har Har. Hard lesson!

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