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To: Ilaine who wrote (96224)	4/19/2001 10:21:38 AM
From: Ilaine	Respond to of 436258

Lots of gloom and doom about the global economy on BBC online - here are the headlines: >> Wall Street braced for first quarter blues Shares' disastrous quarter Euro inches higher Explaining a bear market Sour mood on Wall Street Day trading: Down, but not out Warren Buffett: 'I told you so' Dow Jones milestones General Motors suffers 88% profits drop The world's largest car maker's sharp drop in profits came as a positive surprise for analysts who had expected the company to fare even worse. Hewlett Packard cuts 3,000 US trade gap shrinks dramatically Intel profits down 64% US auto sales down Factory orders fall in US Tech warnings piling up Citigroup to lay off staff US growth slows further Car part maker axes 11,500 jobs Palm and Nortel bring more bad news Bush calls for lasting tax cuts Disney to axe 4,000 jobs Cisco freezes hiring Sharp US slowdown confirmed Fed: Slowdown not over yet Japan approves rescue package The Japanese government has approved yet another emergency package to kick-start the country's flagging economy. Japan slump fears rise Japan's yen at two-year low Japan cuts rates to zero Q&A: Reviving the Japanese economy Japan admits economy has stalled Slowdown hits developing countries The slowdown in economic growth could have serious effects on developing countries, according to a new report from the World Bank. UK rates set to fall again Indonesia in critical IMF talks Europe keeps interest rates steady Singapore slashes growth forecast Australia cuts interest rates Germany's unemployment rises IMF calls for euro rate cut Gloom hits UK manufacturers Turkey's plea for $12bn South Korean economy slows Argentina vows to end recession Growth to slow in Asia<< news.bbc.co.uk

To: Ilaine who wrote (96224)	4/19/2001 10:26:16 AM
From: edamo	Read Replies (1) \| Respond to of 436258

cobalt...all in life is cyclical, which by definition is a repetitive action...some cycles more severe then others....generations that fail to experience tend to create excess....the equity market of the past few years demonstrates this....from bull bubble to bear bubble.... money is made in the equity markets by not being rigid and staying with a uni directional mindset... i've posted on this thread as i am interested in the current bear psychology, which is approaching a "bizarro world" version of the infamous "voltaires porch" of a year ago.... the economy is more resilient then it appears, too much analysis can create obfuscation, as long as employment is strong and inflation is low then the cycle will be short...the perceived severity is due to the equity markets which the populace follows....but the current investor has little of his "earned" money at risk, more employer contributions...prior bear corrections had investors losing "earned" money, which would not be easily replenished.... step back, view the economy since 1929...never dipped below previous lows, if you chart it, the result is quite long term bullish....and if it truly collapses in a global sense, then not even gold will save the ursa types... "old fogies"...speak for yourself...i've yet to open any mail from the aarp... thanks ed a.