Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: stockman_scott who wrote (3713)	8/1/2002 5:37:25 PM
From: Sig	Read Replies (2) of 89467

<< He said he sees a 60-65% probability that the U.S. economy will experience 'a double dip' between now and the end of 2002...he feels its a rising probability at this juncture...The risks he cited that force him to think this way are low savings, high debt, layoffs, wealth destruction, etc....The only thing that could save the economy is an unusually strong and resilient consumer.>>> I think we are in trouble and been in trouble since the Dow dipped below 9500. Now multiply that huge list of companies(CEO'S) by the average number of shares outstanding and what is the result.? A gross number of shares far in excess of what investors are able to handle or absorb at present prices. Care to express your opinion on market direction. ? I'm leaning toward bearish. Sig

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