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Strategies & Market Trends : The New Economy and its Winners

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To: Bill Harmond who wrote (21436)	7/23/2004 12:44:06 AM
From: Lizzie Tudor	Read Replies (1) of 57684

All I can say, is that the fed came up with GDP figures which Goldman clearly proved as incorrect last year. The fed counted 100mm offshore revenue when the actual figure (according to only 4 firms that do indian offshoring to the US) was 4 billion. It was obvious to anyone paying attention the fed is getting confused by the globalization current caused by the internet. I need more proof that this economy is self sustaining. Not many are getting good jobs, people are still being laid off and profits are less than good. You could make money in the 70s easily in gold or with much more difficulty by picking that ONE hot stock which turned out to be WMT. There is probably an easy way to make money in this market... my guess is that approach is to short or buy some commodities... I doubt it is longing tech stocks in general. Having said this I have been offered a sr management position at a company I work with, with a bunch of stock. I will probably take the deal because I know that at these levels, it is just a matter of time until I make money... eventually. It could take years, but since nothing else is going on... its a good deal.

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