MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: J.T. who wrote (16523)	3/21/2003 1:30:22 PM
From: yard_man	Read Replies (1) of 19219

>>Middle Managers are now going to confidently take the next step in the decisionmaking process to go forward with capital investment build-out.<< No they won't -- people invest with the hope of making a profit -- there haven't been any of those around with all the easy money and mal-investment. No can do without a "liquidation" phase. We haven't had it -- all I see is confidence -- not FUD -- everyone is confident, after umpteen rate cuts have produced continuous declines in real business activity, that recovery is just a WAR away. Easy money can't produce profits and the consumer is bloated beyond belief. Where's the demand coming from for all this new stuff ... to rebuild Iraq??

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