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Pastimes : Ask Mohan about the Market

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To: John Hunt who wrote (11377)	12/13/1997 4:26:00 PM
From: Joan Osland Graffius	Read Replies (2) of 18056

John, >>Profits are at risk--from labor costs, the Fed, and Asia These two have not considered that US companies will start laying off employees when profits start getting hit. We have already seen a fair amount of this and it will continue. My bet is interest rates will trend down. Of course tomorrow I could change my mind. BTW, I don't think US companies will be able to stop profit eroision no matter what they do. The one group of people that will get all the work they want for a while is software folks to help companies get the y2k problem fixed. This work can not be cancelled. Joan

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