Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: hotlinktuna who wrote (96334)	7/20/2002 6:18:56 AM
From: limtex	Read Replies (3) of 99280

HLT - I was bullish for some time this year based primarily on macro numbers showing a gradfually improving economy. I ignored the general business climate since I thought that sooner or later that mismatch must resolve inot better business. I still have to believe that but what we are now seeing is in fact the very opposite. By a ratio of 2:1 companies are reporting that the Q3 outlook is worsening. Given the consumer debt/income levels, an incipient war with yet another middle eastern madman, a declining$, the biggest trade deficit in history and the current financial team in Washington and the most rampant brears in history with now a growing war chest of massive profits I can't see what will improve the business climate. I just don't see how business is going to improve if SEBL say that they see no sign of an improvement on the horizon and Sun's business is so slow etc. I see nothing to stem the flow out of the market as things stand. Businesss needs to improve and it simply is getting worse. Best, L

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