Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Mark Adams who wrote (114669)	7/26/2001 9:43:50 PM
From: marginmike	Read Replies (1) \| Respond to of 436258

BKX and SUNW, but closed my sunw position today. Looking to Shorty SOx in a day or so.

To: Mark Adams who wrote (114669)	7/27/2001 12:41:57 PM
From: Mark Adams	Read Replies (1) \| Respond to of 436258

From a Merrill Lynch report re GDP • This GDP report included benchmark revisions to the last three years of data. Most of the revisions were not very important. • However, personal savings was revised up by $150 Billion. The savings rate was revised from –1.2% from the first quarter to +1.2%. We had been anticipating this as there is a three-year lag to tax return data. The 1998 tax return data led to this $150 Billion revised savings. As we get 1999 and 2000 info we believe the savings rate will be revised upward by hundreds of billions of dollars. • We believe that Americans are not in a distressed situation and we don’t believe this will be a constraint in a pick up in consumer spending.