To all:
Retail sales are so-so. Inflation is dead. Oh, goody! Good news for the economy. Bid the bonds and stocks higher. Computer sales at stores are down - not to worry, they are up big time at direct vendors - Gateway, DELL, Micron Electronics, and another PC company which I don't want to name from the fear of encroaching in to some one else's forte. -g- So, bid the box stocks higher! I see Dell at 100, MUEI at 50, Gateway at 100 and another company, which I didn't name, at 200 because it is the best - all these by end of January (the year is intentionally left blank.) Here is some thing you may want to read.
boston.com
I like the following from that article:
`The PC has become the VCR of the '90s,'' said Alan
Millstein, editor of Fashion Network Report. ``Stores
practically had to beg customers to take them away.''
Again, I have a question to all the folks on this thread with a lot more gray hair than what I have (my wife tells me that lately my gray hair is growing faster than my stock portfolio. -g-) At some point in the economic cycle, slowing economy may mean lower inflation. What about the corporate profits - especially with a lion's share of productivity gains, depreciation scams behind us? Mike Burke, Ralph, Joseph, Steve, any one?
Sorry steve, I will not take "buying Compaq (oophs, slip of the tongue) computers will increase productivity and hence profits" for an answer.
Good luck!
-Mohan
BTW, I am still counting on the retail sales numbers in January to be the big kicker in deflating the markets. |
