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Strategies & Market Trends : Drillbits & Bottlerockets -- Ignore unavailable to you. Want to Upgrade?

To: Junkyardawg who wrote (575)	1/10/2001 7:47:05 AM
From: AugustWest	Respond to of 15481

found this on the BRCM thread msnbc.com Since the end of World War II, the U.S. economy has undergone nine separate recessions, each lasting an average of 11 months. Each of these recessions was brought about by rising demand, rising consumer price inflation and rising interest rates engineered by the Federal Reserve. And each ended when interest rates fell to a point that borrowing — and economic activity — began to accelerate again. The current situation is different from all the others in at least one critical respect: The expansion of the economy in the 1990s was accompanied by the creation of a spectacular investment bubble on Wall Street — a financial assets bubble that provided the spending power needed to extend the expansion far, far beyond the lifespan of any previous economic expansion on record. Postwar recessions Since the end of World War II, the U.S. economy has gone through nine recessions, averaging about 11 months each. Recession Duration Peak jobless rate Nov. 1948 to Oct. 1949 11 months 7.9 percent in Oct. 1949 July 1953 to May 1954 10 months 6.1 percent in Sept. 1954 Aug. 1957 to April 1958 8 months 7.5 percent in July 1958 April 1960 to Feb. 1961 10 months 7.1 percent in May 1961 Dec. 1969 to Nov. 1970 11 months 6.1 percent in Aug. 1971 Nov. 1973 to March 1975 16 months 9 percent in May 1975 Jan. 1980 to July 1980 6 months 7.8 percent in July 1980 July 1981 to Nov. 1982 16 months 10.8 percent in December 1982 July 1990 to March 1991 8 months 7.8 percent in June 1992 Source: National Bureau of Economic Research, Bureau of Labor Statistics

To: Junkyardawg who wrote (575)	1/10/2001 9:58:54 AM
From: Jorj X Mckie	Read Replies (1) \| Respond to of 15481

Dawg, IMCL chart looks like crap....what a surprise. But it could be at a bottom. But that is pure conjecture stockcharts.com biz.yahoo.com It is in an inherently risky sector that will make some fabulously wealthy and others will slither away to hide under a rock. Without knowing what is in their pipeline and the probability of success, it is difficult to judge where they are going. The sector does look to have bottomed and has done a low pole reversal. stockcharts.com Tough call....$2.5M in sales with a $2B mkt cap....they had better not have any bad news or this one will be a true drillbit.