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I'm not trying to be negative. The earnings are not here. Lot's of profit warnings. Lot's of profit being spent on Y2K. Layoffs coming, Nike, Texas Instruments, AMP, etc.. My mother works for AMP in Harrisburg, she has been offered early retirement, I'm trying to convince her to take the money and run before she gets the axe, it's not a bad early out deal, but she doesn't want to leave AMP. Higher unemployment is coming, it's just a matter of time. Economies move in circles and cycles, up for years, then down for years, over and over. The US trade deficit is going to look sick, soon. I'm hearing that is one of the elements that will tank the US dollar, the other is, the world selling it to take profits. If the US dollar does tank, oil and gold will go up. Since, some Asian countries currencies have gone down, gold now costs them double and more of what it used to. Gold and oil generally move inversely to the US stock market. |
