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Politics : High Tolerance Plasticity

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To: chowder who wrote (14947)	7/10/2002 4:47:42 AM
From: chowder	Read Replies (1) of 23153

>>> European stocks fell as an unexpected decline in German industrial production signaled that manufacturers, such as Siemens and BASF, might not perform as well as some investors expected. The Dow Jones Europe Stoxx 50 Index fell for a second day, falling 1.2% to 3035.91. All eight major European markets were down during today’s trading. <<< It has been reported that large sums of cash were being withdrawn from the US markets and going into the European markets. The European markets don't seem to be living up to expectations. Could that mean money leaving US markets is poorly timed? Is it possible that money comes back into the US markets? A weaker dollar against a stronger Euro indicates companies with an International flavor could surprise on the earnings front, if not this quarter, maybe later in the year. Perhaps this is why analysts feel so strongly about a second half recovery. I still say, sell all rallies until the markets establish an uptrend. dabum

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