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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: sea_biscuit who wrote (14998)	8/27/2001 7:36:37 PM
From: geode00	Respond to of 42834

Well, I think there are earnings and then they are earnings. I don't know what portion of the earnings decline is attributable to one-time charges (layoffs, inventory reduction, writeoffs of the kitchen sink) and what is attributable to operations. The first may go away quickly providing some earnings relief whereas the second may linger while economic conditions stay in their unhappy state. The other thing is, just how badly is the economy doing? Is the doom and gloom of layoff announcements the real thing or the robust housing market and the still-low unemployment rate the real thing? I'd hate to see how negative things can feel when the unemployment rate really goes up and everyone who wants a house already lives in a nice one. cbs.marketwatch.com New homes, existing homes...very confusing. cbs.marketwatch.com