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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (15563)1/2/2003 8:50:39 PM
From: techanalyst1  Read Replies (1) of 57684
 
No one does Lizzie. Listening to cnbc you'd think the whole country was in the tank with everyone and their brother in debt up to their eyeballs and ready to go belly up.

I don't know..... I had trouble finding a parking space at strip malls this year. That doesn't sound like we're ready to go under to me. Plenty of skiers in Heavenly too(sure........ not like the good old days, but whatcha expect with the price they charge for lift tickets and lodging these days?).

So......... I listen to retailers whining that same store sales are at the low end of expectations..... that's GROWTH rates. Well........ HELLOOOOO! They've been building store after store after store. What do they expect? If I need (or want) clothes or whatever, I'm not going to spend more just because there are more stores nearby. I'm going to spend the same thing and it just means that each store gets less from me even if I spend more per year. How can each store expect to maintain high growth rates when they keep building new stores faster than the population is growing?

Tech spending? Well........... analysts have consistently been WRONG for years and with the lawyers probably hot on their tails, can we blame them for predicting the bad again? If it's not as bad........ well hooray! Only ones who lost out were the shorts who listened to them.

Valuation? Well............... that's the real problem. Are stocks priced for lower growth rates????????? I think sideways base building till we repair psychology and get some guidance we can trust.

TA
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