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Technology Stocks : Compaq
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To: Night Writer who wrote (94946)1/27/2002 9:58:11 AM
From: Elwood P. Dowd  Read Replies (1) of 97611
 
The Recession's Over Because Greenspan Says So
By Jim Griffin
Special to TheStreet.com

The top 10 reasons that the recession is over are:

10. Because Chairman Greenspan said so in almost so many words.
9. Consumer confidence has rebounded.
8. Initial claims for unemployment insurance have topped out.
7. Inventories have been slashed to the bone.
6. The leading indicators index has spiked upwards.
5. The Enron/Arthur Andersen mess has erupted; there is often something nasty at the bottom -- recessions are morality plays as well as business corrections.
4. Trailing inflation rates at wholesale and retail levels now neatly bracket zero.
3. Interest rates have bottomed.
2.The stock market has bottomed.
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