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Pastimes : QQQ & DIA - chat & chart
QQQ 623.23+2.2%4:00 PM EST

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To: Chris McConnel who wrote (511)4/22/2003 6:19:55 PM
From: Jon Khymn   of 795
 
>> Hong Kong is all but shut down. How soon before that affects our GDP?

It is already affecting our economy.
Right now, all my friends and clients who does business with China and Hong Kong have canceled business trip.
Importing goods are also being delayed.

Regarding better than expected earnings,
I reviewed them and the results is not because of economy recovery or higher sales or growth,
but mostly due to cutting expenses!

What does this tells me?
Less spending and economy is NOT getting better.
I maybe off at most few week in timing, but I'm unbashly bearish, too. <G>

Who is Steve Roach? I like him already <g>
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