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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (9975)10/30/1998 4:10:00 PM
From: Cynic 2005  Read Replies (1) of 86076
 
Agreed. Anyway you look at, a disastrous week for the realists. -g-

"If profits couldn't grow with 3.3 percent (GDP growth)
then what's going to happen to profits if we get the slowdown
we expect? And profits are what drive the market," said Alan
Kral, vice president and portfolio manager at Trevor Stewart
Burton Jacobsen Inc. GDP rose sharply partly because of ballooning inventories, though consumption remained robust.

These guys must be reading this thread. Or at least paying some close attention to things. -g- I got the direction and major GDP contributors figured out. But missed the magnitude. #reply-6137051

<<I think consumer spending and some inventory building (not in tech sector) will still put it in the plus column. Perhaps not by much. >>
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