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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: ajtj99 who wrote (38851)12/14/2000 10:33:39 PM
From: stormrider1  Respond to of 56535
 
AJ, the slowdown is correct especially with regard to car sales. I manage a company which sells many different aftermarket products and services to automotive dealerships. The slowdown we have experienced as a company in the last 4 months in nothing but phenomenal in comparison to our growth in the previous years. Many sales managers at dealerships that I have known for years are moving on to different lines of work. IMO the fed stepped on the brakes a little to hard and will have to ease early. If he doesn't, the risk of recession is high as this slow down is happening to fast.
Mike



To: ajtj99 who wrote (38851)12/15/2000 3:42:10 AM
From: LTK007  Read Replies (1) | Respond to of 56535
 
Stor,yes--they have another huge lock-up exipiration,no? 12/27?
regards recession,chief economic strategist at Wells Fargo,has likely hood of recession,regardless of a 75basis points interest rate cut,at 40%,his HIGHEST rating---that is he never goes higher than 40% rating--which translates into "to bet against a recession would be dangerous".
Remember recessions can happen even in the face of wild interest rate slashing.
What the dickens is going on in California?? regards energy crisis--in terms of inflation that still is a wild card---regards M.E.,one of first tests of Bush ,will be the evil Saddam(and he is evil,and i never use that word lightly and i rue the day George Bush let him off the hook when we had him--a huge blunder,imo) will very likly create a crisis to test GW.max
Greenspan himself,in his "it ain't that bad" speech,stressed M.E. remains a high concern.max