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Strategies & Market Trends : 50% Gains Investing

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To: Dale Baker who started this subject	4/29/2001 11:13:30 AM
From: Dale Baker	Read Replies (2) of 118717

One of the weirder manias sweeping SI now is people posting articles basically saying that unemployment will wreck the consumer economy in the very near future. So I go to Briefing to check the forecast for the April unemployment report (due out May 4). And I find 4.4%, up from 4.3% the month before. That will include ALL the layoffs we have read about so far. A .1% drop in employment is going to cause a major macroeconomic collapse for the consumer? Huh? And if the number is worse, it just jacks up the odds that the Fed cuts another 50 points on May 15. Too many folks have forgotten the 1970's and the nasty recessions we went through then. A 4.4% unemployment rate was a Nixon-Ford-Carter wet dream. Check out the numbers: economagic.com The downside psychosis all over SI now is just as bad as the upside euphoria was in early 2000.

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