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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 652.56

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To: Saulamanca who wrote (77693)	5/31/2001 7:50:29 PM
From: ajtj99	Read Replies (2) of 99985

Jim, great article from The Street. One thing we'll have that is fairly unprecedented is the infusion of cash directly into the pockets of consumers via the tax cut. That $52-Billion will start the supply chain moving in July, IMO, and will be spent robustly in August and September. It should also help boost consumer confidence, which is also very important for the near term. Without that money, I'd say we would have had a recession for certain (2-quarters of negative growth). With it, we may still have a recession by a technicality, but not by the broadly understood definition of 2-Qtrs of negative GDP.

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