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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Lane Hall-Witt who wrote (115628)	10/27/2000 12:35:31 AM
From: lee kramer	Respond to of 120523

Lane-Hall: Nice to see you posting. You always pose the key questions. I don't worry to much about the GDP number, it's a lagging indicator and I think that the recent and sharp decline in the market(s)is in part due to the realization that the GDP will, as you and others say, be "surprisingly low." It's my sense that this fear is already in the market..and the market has bottomed, at least temporarily. No, more than temporarily...the market rarely discounts bad news more than twice...a third would be the real surprise. If the number is low Friday morning, and the market sells off initially, I'm gonna buy and buy and buy some more. Sure, profits in some sectors and some companies will decline, but others will increase. I'd be very surprised to see Mr. Greenspan "ease" now. Later perhaps, if the economy slides into stagflation. As to inflation: As long as it doesn't run amok, the market can do quite well...and companies can raise prices which will boost profits and their stock prices. I'm not terribly worried. 'Course I've been known to be wrong. (Lee)