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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (73797)	4/1/2001 5:39:16 PM
From: Doug	Read Replies (1) \| Respond to of 99985

J.S: The current unemployment and Consumer confidence stats are not in sync with the market.. Capital Investment has contracted due to over capitalization of I.T during the period 98-00. The excesses of this period need to be cleaned out before we return to a historic norm of 10% growth in the I.T sector. As for unemployment, the non Techs cut backs you hear off are mainly accomodated thru normal attrition (Early retirement ; Temp layoffs etc). The High Tech sector has seen some reductions in certain High tech areas but fortunately jobs are still available but at lower salaries in less attractive areas. It may be of interest to note that our prison pop. is near 1.5m ; in addition we have 8.1m on parole. Where they figure in the stats may be a mystery.!