Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LLCF who wrote (21349)	7/17/2002 10:57:26 AM
From: AC Flyer	Read Replies (2) of 74559

By your logic - increasing earnings means that we're at the top of the economic cycle (ROFL) - here's some more "bad" news from today's headlines: >>Ford Motor Co. reported a profit of $570 million in the second quarter, breaking a string of four consecutive losing quarters. The results beat Wall Street expectations. Honeywell International reported sharply higher second-quarter profits, mainly due to huge one-time charges the high-tech diversified manufacturer took a year earlier. The nation's two largest banks, Citigroup and J.P. Morgan Chase, reported higher second quarter profits on Wednesday thanks in part to rising bank deposits and improvements in their credit card businesses. <<

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