JDS Uniphase (JDSU) Message Board

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Technology Stocks : JDS Uniphase (JDSU)

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To: SJS who wrote (15993)	1/6/2001 11:53:03 AM
From: FR1	Read Replies (2) of 24042

The probability would be higher if the jobs data yesterday was more definitive, or more negative. I watched a pretty good analyst take those figures apart. The bottom line is that lots of unemployment was not baked in the dec numbers. It is guaranteed you will see 4.1+ for january and higher as time goes on. Wards (270 stores with 36,000 people) has not being counted (or the 77 stores from Office Max, or the 89 stores from Sears, or all the auto guys, or ....). When the manufacturing numbers drop as wildly as they did on Jan 2, you were guaranteed of large layoffs - soon. Add to that the consumer confidence dropping faster than anyone thought and you have all the makings of a immediate emergency. AG did not want a economy going too fast because he felt we would have a bust like Japan. Now he is worried about a crash that would put you into deep recession (like Japan - although we would not be that bad). AG must tell the market that the FED no longer wants to control things and that means getting at least a full percentage point lower - quickly.

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