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Strategies & Market Trends : The New Economy and its Winners

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To: Lizzie Tudor who wrote (19418)1/28/2004 2:51:21 PM
From: Lizzie Tudor  Read Replies (1) of 57684
 
We got some fairly significant bad news in the tech sector today. First of all the durable goods numbers were bad, indicating no capex recovery (computers down again for second month in a row). Next greenie saying no rate increase, but dropping the "considerable time" comment.

This could mean a rate increase with no robust US capex component down the road. I'm not completely surprised by this because I think the capex economy has structural problems. The market sure doesn't like it though.
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