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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: t2 who wrote (31943)2/21/2002 7:20:33 PM
From: KyrosL  Read Replies (1) of 99280
 
NV, I think Zeev's scenario of an intermediate bottom soon and a possible test of the lows much later in the year fits better the economic background. It seems that the first "dip" in this recession was pretty mild in macroeconomic terms and that we will not even get two consecutive quarters of negative growth until perhaps late this year or next year. The trade data today sealed a positive GDP for 4Q 01. Leading indicators up smartly again. Defense spending, which is a potent domestic economy driver, up sharply, etc. However, I think techs will lag significantly in the coming rally.
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