MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: Killswitch who wrote (11238)	3/17/2002 10:24:30 PM
From: nsumir81	Read Replies (1) of 19219

"..a larger proportion of final sales will now come out of production.." Really? I saw that article yesterday. It focuses on consumer debt and then ends with a broad brush on industrial output. Nice finish. Nobody answers the most important question and that is the demand question, that has slowed down the economy. Larry Ellison said it very plainly the other day, that while the numbers seemed to support the consumer-side of things, he just was not seeing it on the corporate-side of demand. Why would companies be cutting capex..left, right and center? Even now? Why is Verizon laying off 20K more by the end of the year, Kmart (shambles as we all know) by 22K, Avaya etc etc. All this is not in the much-believed employment reports, yet. A similar question I asked of myself in early 2001. If indeed things were going to get better, or better to the degree that the 'seers' were predicting, why was everyone then laying off folks in droves?

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