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

To: mishedlo who wrote (80922)	7/27/2001 12:20:39 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99985

I think you are seriously discounting the impact of the Fed's action and their money pumping, add to that the impact of tax cuts and a 20% cut in energy costs in the second half, and we d not go from here into a recession, until we overheat again and the consumer is exhausted, that will take quite some time, maybe a year, in between, I think that GDP will not go negative and actually bump against or above 2% in the first quarter next year. This bear market is not related to a traditional recession, I believe it is an over capacity bear market. That is one reason the big "old economy" stocks are not collapsing. Zeev