MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: robert b furman who wrote (14864)	10/27/2002 1:38:39 PM
From: Steve Lee	Read Replies (1) of 19219

"Keep in mind the slow down in auto sales are coming off a tremendous sales rate brought on by the 0.0% incentives of 01" Just as the tech spending slowdown of 2001/2002 came off the tremendous tech sale rate to cope with: The intro of the Euro currency Fears about Y2k The panic to "dot.com your business" All in an environment of increasing money supply due to Greenspan's ill informed worries about a Y2K computer problem. Looks like the auto industry has a pattern to follow. But an old established industry like autos is gonna take longer to recover than a fast moving, ever changing tech industry right? If you are buying stocks now and counting on an income from the auto business, are all your eggs in the recovery basket? What if the recent "new bull market" rally was a con job by the big boys and the beige book is what you should really be looking at?

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