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To: sun-tzu who wrote (62370)	1/28/2001 11:20:48 AM
From: Lucretius	Read Replies (1) \| Respond to of 436258

ok

To: sun-tzu who wrote (62370)	1/28/2001 11:27:57 AM
From: Ilaine	Read Replies (1) \| Respond to of 436258

The point about WorldCom laying off workers isn't that WorldCom is having problems - we knew that already, take a look at WorldCom's stock price - it's that 10,000 to 15,000 gainfully employed people are going to be without jobs - which means 10,000 to 15,000 houses without a breadwinner. And there's a ripple effect, people who are laid off don't buy cars, can't pay their mortgage, don't buy new clothes, don't pay taxes but do use tax-funded social services, etc., etc. These aren't just McDonald's type jobs, either. Add to that the 16,000 that Lucent is laying off, the 5,000 that Penneys' is laying off, the 7,000 that Sara Lee is laying off, the 2,000 that AOLTimeWarner is laying off, etc., etc. It's not an isolated incident, and it's not just "company specific." >>Even General Electric (NYSE: GE - news) is getting hit. Chairman and CEO Jack Welch says the coming year will likely include what he calls ``significant'' layoffs, which analysts are predicting could put between 60,000 and 80,000 jobs on the chopping block. That news accompanied fairly positive fourth-quarter earnings reports on Jan. 17. Profits grew 16% to nearly $3.6 billion on revenue of $35 billion.<< biz.yahoo.com It's kind of like the canary in the coal mine. You can't tell trouble is coming but the canary keels over and dies.

To: sun-tzu who wrote (62370)	1/28/2001 11:38:20 AM
From: Shack	Read Replies (1) \| Respond to of 436258

Obviously you have your mind made up. That's fine but I find almost NO compelling arguments to re-bullify. What kind of substantive arguments are being made by the clowns? "All the bad news is priced in" "75% of the excesses have been worked out" come on sun-tzu, give me some meat! However just to clarify one thing. Most on this thread are not perma-shorts. We are all bearish on the overall direction of the economy and the the markets but there are very few here who are short during these stealth rallies. Luc the permabear himself made some coin on calls this past week. The difference is he'll have nice gains with puts very shortly while I expect you won't.