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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 690.38+0.4%Dec 24 4:00 PM EST
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To: Suresh who wrote (35616)12/21/2001 1:45:06 PM
From: Johnny Canuck  Read Replies (1) of 69207
 
Interesting numbers from the JNPR pre-warning CC. The telecom industry generates 3/4 trillion dollars (not a typo) in revenue each year. The cap ex spending last year was 250 billion dollars. Add the 28 percent decline they expect next year and you see the amount of money that has essentially been taken out of the economy.
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