Pent up DEMAND: No Fortune 500 has gone bankrupt, ACCOUNTS for 99% all SPENDING, all EARNINGS. the market is 3.6 Trillion Dollars OVERSOLD, the "fad" dot coms, with no earnings and no business plan and no poven business model are over with, and have been for almost 6 months, BUT they don't COUNT in the scheme of things. MAjor Corporate purchases account for the other blue chips earnings. For example, one or two computer servers at $30 to $60,000 each or so at a a bankrupt small fry company like Pets.com don't make a dent in SUNW server business. All these SLEEPING GIANTS are now waking up to the efficiencies of the internet while the market lags behind the recovery in the MEGA-ECONOMY. Tax cuts and fed rates cuts will help the large corporations recover even faster. I see the 3rd and 4th Quarters as a total recovery, but all I want for Christmas is Greenspan's resignation anyway, for creating this un-necessary mess. Everyone should start demanding his resignation. He should be the fall guy for he alone sabotaged an economy that did not need his meddliing, any correction would have happened without fed rate hikes, he has put the entire nation at jeopardy by creating a slowed down recessionary economy at the same time as a major stock market correction....last time I loooked we were a capitalist free enterprise economy, and he only sought to desroy the needed capital to keep fueling our economy to the future, and tried and is still trying to exert CENTRAL CONTROL to keep our economy from becoming truly free enterprise, along the world trend toward decentralization and democracy. No man should have this kind of evil power, and he should resign, or we should loan him to Japan, so he can do the respectable and honorable thing.
I am,
Truly your$,
-Crystal Ball |
