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Politics : High Tolerance Plasticity

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To: chowder who wrote (7499)	9/6/2001 6:18:06 PM
From: chowder	of 23153

The State of the Economy..... The Wall Street Journal had an article earlier this week quoting the incoming CEO of General Electric, Jeffrey Immelt. "We’re seeing no improvement in the industrial technology sector. We see Europe getting worse. We see Japan staying bad… In those areas of our portfolio that are tough, we have already started to plan for 2002. We can't see right now things getting any better so we're making plans accordingly." In short-cycle units he sees no or low growth and "no fundamental signs of it getting better." We may see a bounce on the INTC news, but I believe it'll be back to the same downward movement next week, or certainly the week after as earnings pre-announcements should be coming out. Anyone believe we'll see significant earnings growth in most sectors? dabum

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