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Strategies & Market Trends : Mu Gamma Lambda -- Ignore unavailable to you. Want to Upgrade?

To: Augustus Gloop who wrote (5602)	9/6/2001 12:03:52 PM
From: John Pitera	Read Replies (2) \| Respond to of 10077

so true One of the biggest problems for stocks seems to be the lack of enthusiasm surrounding the restructuring play. For our part, we would argue that a look at the charts of a number of companies that recently announced large layoffs suggests that there is a major credibility problem when it comes to the notion of profit protection. This dynamic gets back to our longer-term, bullish curve flattening expectations, as the inability of easy monetary policy to stimulate the capital spending necessary to sustain productivity and support extended price/earnings multiples on stocks........ from briefing