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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: pater tenebrarum who wrote (77882)3/9/2001 12:05:52 PM
From: Andrew G.  Read Replies (1) of 436258
 
Heinz: 'intervention?" You are kidding right?

Isn't this grinding attrition worse than capitulation?

It seems that to get to a recession we have to first get past the low or zero-growth stage and not all economic indicators will be pointing down simultaneously. So the grind continues with no apparent panic. Secondarily, the optimists will always expect a turnaround just around the corner with no realistic scenario of how it can happen. This keeps the market buoyant intermittently and there is soooo much money on the sidelines waiting for opportunity.

Things maybe souring but this is not an economy short on assets or resourcefulness.
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