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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (37938)	4/4/2001 12:30:04 PM
From: IQBAL LATIF	Respond to of 50167

<<The National Association of Purchasing Management (NAPM) said its gauge of non-manufacturing activity fell to 50.3 in March from 51.7 in February, only slightly above January's reading of 50.1. A number above 50 indicates the sector is expanding; anything below 50 represents contraction. Analysts had expected the index to dip to 51.5.>> The sector is expanding, the market has been hugely cut down and still we need a stronger report but would htat not suggest 'stagflation' suppose if we had this a strong report out woudl they come with a suggestion that FED cannot cut, like last time they said on consumer confidence too strong, lets sell Fed cannot cut, too weak 'oh see stagflation is around the corner' we need to see that carefully, in hey days when we guys were having great fun on long side, strong numbers use to be shown as inflaitonary threats, I remember posting this all the time, strong economy is needed for strong corporate profits, now when these cool numbers come, instead of rejoicing the same guys sell, was the wholep urpose of last year interest rate jacking was not to cool the economy, so what so bad if economy has cooled, asset inflation has subsided and market is selling, when was the last itme we saw market selling with economy that has strong consumer confidence, a economy where people can have liquidity can have remortgages, the housing prices are up and solid, in big market drops real assets suffer the most, now moeny is finding its route to real assets, I wrote that in 1929 due to $ backed by Gold we had to keep interest rates artificially high, today, we have reduicng interest rate environment, all this will take time and one can be patient but if you are in stock markets overall if you have not overspent if you have not been only in internets you will see some good days,. on bad days like htis i stand up and call the shots when extreme selling is going on, I am out of sort at the moment but I think economy will soon show its colors... and most probably if by Friday close we do not get IBm MSFT GE earnings downgrade we may be in for al ittle surprise.. in case we get them 3 months more will be spent between 1010 even 990 to 1080 level//