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Technology Stocks : All About Sun Microsystems
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To: JDN who wrote (41650)2/27/2001 10:56:46 AM
From: High-Tech East  Read Replies (1) of 64865
 
No indication in those articles whether mild or harsh recession although since they still predict growth of at least 2 1/2% globally I presume that would be mild.

JDN, you just read the same articles that I did and said what you did above.

Within those articles, on February 26, Morgan Stanley Dean Witter's Chief Worldwide Economist, Stephen Roach says - EMPHASIS ADDED BY ME ... "Fully 30% of the world -- the United States and Japan -- already is in recession. Our view on the US remains unaltered. The real-time data continue to point to an unrelenting carnage on the earnings front that has triggered sharp cutbacks in IT-led capital spending and employment. The unrelenting plunge of consumer confidence only confirms the impacts of such cost-cutting initiatives on the broader public. It’s hard to dismiss this as just a temporary inventory correction that will quickly give way to everyone’s favorite cyclical scenario -- the V-shaped recovery."

You ... "presume the recession will be mild."

I say that MSDW is warning us that this could get rough ... a lot rougher than it has been so far.

We will just have to see what happen.

Disclaimer: The above is my personal opinion. I recommend that you do not base your investment decisions solely on any one person's views or analysis (including mine). Do your own research and take personal responsibility for your investment decisions.

Ken Wilson
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