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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Hawkmoon who wrote (5413)	6/27/2001 10:56:54 PM
From: smolejv@gmx.net	Respond to of 74559

>>Now they have to get our there and start spending << on securities aka future cash flow? What kind of future cash flow? Snp's PE in the thirties and growing? The picture is still as rosy as ever for bears - dont need much stock picking to get some good candidates. Just search for [SnP member and negative earnings] (Gad, what an euphemism). dj [EDIT] except if corporate America is supposed to start spending on something else - there's enough (non-inflatable) dollars around to do that -. I just thought "future dollars earned" was the name of the game. BTW, what about corporate America starting to EARN something. Why invest at the current utilization level.

To: Hawkmoon who wrote (5413)	6/27/2001 11:31:47 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi Ron, <<corporate America ... start spending>> is possibly difficult due to: (1) weakening (tech) demand (2) excess capacity (tech) (3) still high inventory (4) unemployment may lower demand (tech, auto, homes, appliances, services) further (5) economy and capex is not driven by rates alone and I suspect the corporate chiefs are aware of the dangers by the way they are swinging the axe in the dark and whisling the whisle pass the graveyard. OT: One observation from my power clients is that, oddly, their intended power (infrastructure) investments in California, which can mitigate the downturn to a certain extent, are actually put on hold by the clients, pending clarity on the legislative front. I will stay positioned thus ... and suffer the pain a bit longer: Message 15999810 Chugs, Jay

To: Hawkmoon who wrote (5413)	6/28/2001 12:25:18 AM
From: LLCF	Read Replies (2) \| Respond to of 74559

<One argument, and I think a good one, is that corporate America was sitting on its wallet waiting for the Fed to finish those major rate cuts.> What, to borrow? DAK