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Technology Stocks : All About Sun Microsystems

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To: Mephisto who wrote (62051)	9/28/2004 3:58:11 PM
From: shoe	Read Replies (3) of 64865

Presidents do not create jobs, businesses do. We just recovered from the worst stock market crash since 1929. All comparisons with past economic recovery periods are no longer valid. Most business and industry executive are still too spooked to make major investments in employement or equipment. I'm just thrilled we are not in a depression. The stock markets will not behave as they did prior to 2000 for at least a few more years, I think. We could be in another one of those 20-year bear cycles like the one in the 'Seventies when I first started investing. Did you know that in 1975 the volume for an average trading day on the NYSE was 10 million shares? By the way, for many years during the 'Seventies and 'Eighties the unemployment rate hovered around 5 to 5.5 per cent, just as it is today. Only in the late 'Nineties did it drop below 5 per cent. The only thing a president can do to help the economy is lower taxes and get out of the way. He can also reduce regulations that hamper economic growth. (However, I do think Bush is letting Congress spend too much money on nonessentials like museums in Alaska.) The price of oil has a lot more to do with our circumstances than the president. Regards.

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