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Technology Stocks : Echelon Corporation (ELON)
ELON 21.88+10.1%Oct 6 5:00 PM EST

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To: John Madarasz who wrote (2920)1/19/2002 11:30:21 AM
From: Bridge Player  Read Replies (1) of 3076
 
You have made your case well, and the picture presented by some of your links is not a pretty one.

However, I also note this quote from this link:

csf.colorado.edu

<<"The end of the default rate cycle is in sight," said Hamilton. "Our default rate forecasting model shows a well-defined peak in the default rate in February 2002."
"The telecom shakeout and the slowdown in economic growth in the U.S. are contributing to the recent rise and forthcoming peak in the default rate," he said. "These forces are likely to wash out of the system over the next 5-8 months and lead to more 'historically normal' default expectations." >>

Housing, which has remained a stalwart during the downturn, is key. If the housing price bubble begins to deflate in a major way rather than simply level off and stay flat for a while, it could presage problems.
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