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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (47127)	9/25/2001 8:54:35 PM
From: paul_philp	Respond to of 54805

Uncle Frank, At the rate GDP calculations have been corrected to the downsize I wouldn't be surprised that GDP growth (currently 1%) doesn't get revised to 0 for Q2. Clearly Q3 will be lower. Technology has been in a recession all year. Paul

To: Uncle Frank who wrote (47127)	9/25/2001 9:46:36 PM
From: TigerPaw	Read Replies (2) \| Respond to of 54805

If the 'R' is uttered in public, officially, there will be another leg down in the market. It would almost seem better to get it over with as early as possible. TP

To: Uncle Frank who wrote (47127)	9/26/2001 1:50:54 AM
From: FR1	Respond to of 54805

Correct me if I am wrong, but the GDP gets two major revisions. The first one corrected the last quarter figure from 7% down to 1 or 2% and there is another correction to those figures coming. It could easily be below zero. This quarter has to be less than last quarter. That means there is a extremely good chance that we are right now in a recession by any definition. Historically, the good news is that as soon as everyone agrees we are in a recession we are on our way out.