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Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: CYBERKEN who wrote (8430)	11/19/2000 12:28:04 AM
From: Vector1	Respond to of 9719

Cyber, I agree that from an industrial manufacturing standpoint we already have had a slowdown. Domestic steel has been in a recession for years. However, the economy has been driven by consumer spending and corporate spending on technology. If this slows which I think it will for a while we will have a slowdown. I doubt negative growth but maybe 1-2%GNP. Of greater concern is the lack of liquidity in the credit markets. The high yield bond market is flat out shut down and the banks are retrenching. Further tightening in credit could further hampen corporate spending which could make things worse. In the short run Btec will get hit especially if Gore somehow wins. There is however a lot of good news on the horizon and the sector has traditionally recovered this time of year through HQ. V1