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Technology Stocks : Cymer (CYMI) -- Ignore unavailable to you. Want to Upgrade?

To: WTSherman who wrote (25566)	10/1/2001 9:52:15 AM
From: Robert Douglas	Read Replies (1) \| Respond to of 25960

WT, I don't think things are as gloomy as your post indicates. As one who was predicting a recession before 9-11, I actually think that the subsequent events will lead to a sharper recovery. The reason? Monetary stimulus was never going to be enough to provide a sharp acceleration in growth but fiscal stimulus will be, IMO. After a sharp recession, I believe we will resume economic growth that will continue for years. Re: Your comment: One thing I can venture, though, is that whenever U.S. military action starts its going to cause another FREEZE in non-military economic activity I don't agree. For starters, there isn't likely to be an old-fashioned "military" response. It is becoming clear that the response will be unlike other wars where troops marched in and bombs dropped. This will be a long, drawn out war. And just like other threats, Americans will get used to living - and spending - under these conditions. I personally don't think the threat is nearly as ominous as the cold war threat where Americans were under the constant possibility of nuclear exchange. In fact, Wal-Mart just reported same store sales for September were up 4% over last September, so Americans haven't adopted a "no spending, bunker mentality." To be fair, Wal-Mart doesn't sell the discretionary types of items that will likely see the majority of the cutbacks in spending, but I believe that even here the spending cuts will be brief in duration.