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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: RR who wrote (45501)	12/21/2001 12:27:05 PM
From: stockman_scott	of 65232

An upbeat article on the recovery... moneycentral.msn.com A bottoming out for technology <<...Perhaps the most bullish indicator of all: Signals of the beginning of a recovery in capital-goods spending, including high tech. New orders for computers, electronics and semiconductors look like they're heading up. In part, that may reflect a surge in replacement orders following the World Trade Center disaster. In part, it may also reflect the beginning of a normal cyclical rebound. Many analysts believe massive technology spending in the 1999 in anticipation of Y2K was borrowed from 2000 and 2001. By next year, they argue many companies will need to replace aging equipment and technology. Especially if Congress passes a tax break increasing write-offs for capital investments, technology could begin rebounding later next year. Says Gramley: "Tech's drag on the economy may be over."...>>

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