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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Mike M2 who wrote (15213)2/19/2002 10:40:57 PM
From: AC Flyer  Read Replies (1) of 74559
 
Don't get too carried away with one point of agreement. It was news to me that S&P had recently changed to reporting operating earnings. I don't know why they would do this. It's a disturbing move from a well regarded organization.

Beyond this, we have very different views. My view, as you know, is that we are experiencing a very ordinary recession which has hit manufacturing hard but has hit housing, construction and consumer spending hardly at all. I believe that we have already seen the trough of this recession and also the lows in the Dow and the Nasdaq for this cycle.
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