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Strategies & Market Trends : Steve's Channelling Thread

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To: Zeev Hed who wrote (28866)	9/27/2001 10:40:29 AM
From: Jdaasoc	Read Replies (1) of 30051

Zeev: Your feelings on amount of dislocation of economy due to WTC attack. All I can tell you is there was no world wide air freight shipments for almost a week. Following that was concomitant and additional delays in customs inspections of an additional week or more due to backlogs and tighter inspections when things got back to "normal". This will wreak havoc on tech earnings in this quarter beyond that what anyone had expected since no product shipped from overseas for almost 2 weeks. Personally, I had a $8,000 tape drive take 3 weeks to get from manufacturer overseas to customer. As of yesterday, it still was in customs. It's such a sorry state we are in now ST in economy that IMO it is going to skew downwards the broad based confidence in economy for many months to come. john

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