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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (3695)4/6/2001 3:23:30 PM
From: Logain Ablar  Read Replies (2) of 33421
 
John:

I'm thinking with todays unemployment #'s. I'm surprised the forecast was for a little growth. Shows how the economists are sometimes behind the curve. We hear of the large company layoffs but the dots are not connected to what this means to the next level down.

The FED should now be seeing it will need to do more in the near future (it may already be too late) since this can go to 5% pretty quickly on its way to 6% and job cost inflation will go down.

On somewhat of a brigher note my brother-in-laws company has started to see a slight pickup from the last 5-6 months. Not meaningful and not a good sample. His company has cut 15 in the 1st quarter(more than 15%).

Maybe we have a settlement with China and a rate cut next week to overcome some of the bad earnings about to come out.
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