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Pastimes : Home on the range where the buffalo roam

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To: Sig who wrote (11408)	10/2/2003 4:28:11 PM
From: Lizzie Tudor	Read Replies (3) of 13815

I think if we make it through this jobs report tomorrow it will be clear sailing, no october crash. But this is scary because you can just look at the PRs on the "layoffs" thread and count literally thousands and thousands of people laid off. The expectation is 30K job loss, way to low imho, the real expectation could be around 100K jobs lost. If we get more than that, and we may, the naz could fall 50 points. Thats my prediction! I think we're getting a handle on this jobs crisis though with the currency reval momentum with china and the visa controls. Thats what had me so scared 6 mos ago, it seemed like a complete routing of jobs in California and all I heard on cnbc was how good this trend was for the US economy. Now I see Lou Dobbs doing specials and clearly calling it what it is. I am bullish now. We start creating jobs and we will have an economy on fire, because we have this massive market in india and china we are addressing. I don't think we will have a worker shortage like we did in the 90s and that is a good thing imo. But a little job growth and stabilization and business will pick up for real.

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