Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Joseph F. Hubel who wrote (89661)	11/27/2000 9:04:22 AM
From: Enam Luf	Read Replies (1) \| Respond to of 769667

Earnings growth forecasts were way too optimistic in the first place. What you are seeing is a marked lowering of expectactions. Unemployment claims should be allowed to climb, the labor markets are way too tight, which can lead to wage-pull inflation. The unemployment rate is still very very low, relatively speaking. People have/had come to believe that this boom cycle is indestructable, and this belief is very dangerous. The markets need to be scared every so often to give people a reality check and knock a bit of that invincible feeling out of our sails. Unfortunate, but true. -enam