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To: schrodingers_cat who wrote (114165)	1/4/2001 2:23:49 AM
From: GST	Respond to of 164684

Cat: I agree, there is a need for cautious assessment -- which is certainly not what happened to day.

To: schrodingers_cat who wrote (114165)	1/4/2001 7:17:58 AM
From: Victor Lazlo	Respond to of 164684

<<I'm sure that you're all familiar with yesterdays NAPM report, and may I remind you that consumer PC sales for December were down 24%, and that Ford reported car sales down 15%, and that construction spending was down and that retail sales have been poor and,...well you get the picture...the economy probably shrank in December and possibly in the entire 4th quarter. It seems quite possible that it will shrink in the first quarter as well. There is certainly a lot more bad news to come out over the next month and I don't think it is priced into the market. >> I agree. And AG likley knows more than we do about some data coming down the pike. I do not see how the market, esp those hocus-pocus stocks that are still out there, will get any legs from this.