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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (1022)	10/20/2001 4:33:55 PM
From: Jdaasoc	Read Replies (1) \| Respond to of 99280

Fed meeting should be more of the same, which is good for continuation of rally. I see sectors in economy like automobiles, computers and other large ticket discretionary items still in marked slowdown. For example, one of my employees car broke and decided to buy new one from highway mega store in NJ. Sales manager told him that sales have been off 25% for 4 weeks now and have dramatically reduced orders for new cars from factory. Car makers are hurting but with new IT systems at least know it was coming quickly and can react to slowdown. Dealer wasn't phased a bit since carrying costs are way down and only going down another 50 basis points lower on Nov 6. I see more pronounced movement from cash to equities through early Nov unless multi point reduction in economic activity occurs and is reported in economic stats. We are on high wire balancing act between short term fear over terrorism and flip side rapid recovery in economy if victory over terrorism is declared. Your thoughts on medium and low term forecasts.