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Pastimes : Home on the range where the buffalo roam

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To: Chadick who wrote (7725)	6/6/2002 7:49:50 AM
From: Sig	Read Replies (4) of 13815

Fred Its been really tough to get a handle on the economy. Pure numbers from Fed computations and surveys lack clarity- like a Greenspan speech. There has been no signs here in central Texas for 2 years of anything but growth and activity, especially housing, trucks, restaurants.. The taboid press has dumped fear after fear on investors- if they were discussing the Superbowl one would swear that both teams would lose. That all companies were run by crooks. Now the fear is the SEC will change all the rules -which will not happen.. Look at the earnings growth by wmt,cost,mik,wag, etc. Outstanding .( I had Mik on a list but did not buy). This should reduce the fear level of people losing jobs, in the stores or in the supplier chain or the shipping. We have has big fear levels before, in the cold war, with cities building factories underground at enormous cost which did not destroy the markets. Am not convinced there is a lot of money on the sidelines that could cause a big market move, it seems a lot of money came out of the big techs and went into defense and healthcare, but I think selective buying is called for. Sig .

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