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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Zeev Hed who wrote (722)10/17/2001 5:51:38 PM
From: Jdaasoc  Read Replies (2) of 99280
 
value of consumer confidence is important

With construction spending still at record levels because of low rates and prospect of them going lower, the economy will not tank period.
Job layoffs mean that people either retire or find another job. The number of people still available in the labor pool keeps shrinking even as layoffs continue. As H1 visas decrease and illegals aliens get deported, labor market will continue to tighten and wages will still show gains higher than inflation.

Airlines will go to 9 to 5 service with 80-90% occupancy levels on their most efficient aircraft. Tech companies like Intel will slow capital spending but will crank out as much product as ever or even more product using smaller geometries with greatly reduced payrolls. Companies are making all the preparations to meet their earnings forecasts.

RE the market, low returns everywhere else coupled with record cash levels, will move the market aggressively.
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