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

To: sandeep who wrote (35484)	11/30/2000 8:40:30 AM
From: IQBAL LATIF	Read Replies (2) \| Respond to of 50167

Markets are seen in context of cycles, in my opinion economy is going along fine, the equity market has over-reacted to slow down, look back to this five years every time market sold off big it was on a false alarm of impending recession.. or on-coming inflation. I see no reason to believe that we are into recession, the yield curve is correcting and will soon be normal upward looking. GDP growth from red hot state has come down to nice little growth that is sustainable, that is what ideally everyone was looking at, the ASEAN economy is doing fine, over stretch if any on inflation side or asset inflation side thanks Mr. AG after some real pain has been corrected.. The 'valuation exuberance' is lost ( who else can say better) and now everyone is a doomsday predictor, 'I told you so' kid of approach, for a investor this is a time to look at the markets find real good values and go about doing his normal business. Equity markets are now building in kind of news that will depict hard landing however in my opinion global economy is intact and the IT revolution is going along fine.. The .coms and many of the big ticked items has lost momentum but the economy is not the reason for that.. if one was not fully exposed to internet and had little divergence in old economy and new economy stocks the things would be far better. The economy is fine and with rate cuts now sure I would think that we will see return to normalcy, but excesses are part of the market too.. <<In currency dealings, the dollar carried over its strength in New York following the release of a government report showing that the U.S. economy lost less momentum than analysts expected. Honestly for old tech guys like me we suffred real pain from 4200 to 3500 from thatp oint on it is not the nbOK or INTC TXN it is the SDLI JNPR type of stocks that have shaved a great deal of equity from the market.. WE never had them at the first place but osme of them at one point in time may just look to good to be ignored..Analysts biggest problem is the 'short term' nature of their assesments, i think I would stay with MS.Abbey Cohen and will not worry too much.. The Commerce Department said Wednesday that the nation's gross domestic product - the total output of goods and services - grew an estimated 2.4 percent during the third quarter. Though the figure was down from an earlier estimate of 2.7 percent and represented the economy's smallest quarterly expansion in four years, it was bigger than the 2.2 percent growth forecast by analysts and eased concerns that the U.S. economy is headed for a hard landing. >>