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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: ild who wrote (1790)11/3/2003 3:42:33 PM
From: Ramsey Su  Read Replies (1) of 110194
 
I guess the question should be is the economy going up or down?

For sustained real growth, I like to see:

definitely more jobs

capital expenses up

loans for cap ex

commercial industry real estate occupancy up

expanding trade (more import and more export)

revenue growth, not just earnings growth

So far, all this optimism can still be explained as direct results of the one time stimulus. Valuation is clearly reflecting smooth sailing forward.

As I learned back in 1999, this can go on indefinitely.
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