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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Stoctrash who wrote (27735)	7/22/1999 3:32:00 PM
From: IQBAL LATIF	Read Replies (3) \| Respond to of 50167

We have been in this stock from a level like 68.. so it is alright,, today AG comments were quite realistic and exodus was on grounds of analysts feeling that these comments are not in line with the 'feel good' speech that was being expected.. I would think that a test of 1350-60 area is must now we have tested 10863 and since one attempt to 1361.5 is already made I see no reason why they should not actually ring the level..SOX 472 is nearly hit and now if enough damge is done we may see that 450 retracement considering full 50% of its recent move also DOW todays low was nearly 50% of its 10471 to 11204 move.. I see another test of 10472 a possibility. On Ag caution let me be honest he has been like MSFT very carefulk about a bubble in the market and I would think that if productivity gains continue and inflation remains under check the growth factor will only help the corporate sector. I have never been able to understand this convulated logic, first that gorwth should be slowed but corporate profits should continue to rise, if growth slows the chances of deflation will hit the market far more worst. The reason we have seen this marekt at present heights is that we have gone through the era of non-inflationary growth, now old models to gauge economic growth relationship with level of inflation are failing, it is the productivity gains and globalisation of marekts that are helping growth oriented earnings of the corporates. For market to fall we need 'bad earnings growth', 'slowing momentum' of economy and failure of ' inforantion technology revolution' which is behind the 'death of conventional models of economic evaluation'. The raison- detr'e for economic growth is the 'technology' based leaps, now is processing or communication revolution staling in mid air. The answer is no, we are getting molecular processing capabilities, we shall be breaking the Moore's law frontiers even more aggressively, the rate of change and acceleration of information technology is not slowing it is increasing. If I was AG I would excatly talk like that but the fact is the we need to see speed of CPU's and development of new software programmes, these innovations are driving nail in the coffin of inflation. The day we reach the outside limits of technology productivity gains will vanish but what I see that porductivity gains are not so far fully distributed. Some sectors are reaping the benefit , major corporates are fully integrated but the 'great leap forward' is still in distance. The OECD economies have huge room for productivity gains in sectors of agriculture, commerce and transportation and percentage of people who will make these premanent features as part of their life would increase exponentially. The technology we are wittnesing is just tip of the iceberg and we know that we don't fully comprehend the benefits of this huge cycle of economic growth.. Markets are cycle bound and emotion strapped we can see these movements but over a period of time you should own the technology that will bring the change, in this race to pick up the right horse and back it is the name of the game..