The Naked Truth - Big Kahuna a Myth Message Board

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To: MythMan who wrote (905)	2/19/1998 8:48:00 AM
From: Mike da bear	Read Replies (2) of 86076

More good news... Growth in the gap The United States' trade deficit grew by 24.3 percent to $10.79 billion in December, the Commerce Department reported Thursday, well over the $9 billion economists expected. Yes, this should be enough to get us over 8500 and a 7th record close... whats the most consecutive record closes for the DJIA anyway? My guess this string will end after 123 record closes, then on the 128 day, the DJIA will close down .5 points and everybody will jump in the next day... Dip buying opportunity. Back to the trade deficit... The spin will be... more cheap goods coming into US. This means lower OEM costs for US manufactures which in turn means higher profits (look at Dell, cheaper component prices, more profits) therefore stock prices should go up. Actually, Dell is probably responsible for ~$20 Billion in imports themselves. Don't ya know they've locked up the contract to supply 3 Billion chinese with PCs? Oh.. and for those US companies which are exporting less due to higher exchanage rates... Big F**king Deal... they're only a small number of companies...

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