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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (4398)	8/22/2001 12:44:09 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi Ray, we're hearing talk of weakness throughout Europe, Latin America is obviously struggling, and Japan can not get going..... I was seeing a news headline this week of the Global slowdown being much more in Lockstep than we've seen at any time since 1973-74, and I think there is some validity to that concern. I'm not certain that we have a unified downturn that is of the same magnitude as we saw in 1973-74, but it's possible. One thing that happened back then is that we saw an extraordinarily large number of changes in Govt's and Political leaderships around the Globe. We're certainly not seeing that yet.