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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: William H Huebl who wrote (56538)1/10/2002 11:59:30 PM
From: Skeet Shipman  Read Replies (1) | Respond to of 94695
 
Predictions from Dec.

· Hyman think the odds the economy has already bottomed are higher than the Wall Street consensus forecasts. He's lifted his fourth-quarter GDP-growth estimate to -0.5% from -1%. "The economy was probably still in recession in November, but December should be the first month of recovery," he says. (ISI Group Summary, Dec. 10)

· "Synchronized recessions in 2001 are likely to be followed by synchronized disinflation/deflation in 2002," Hyman says. The economist expects the consumer price index, or CPI, to rise less than 1% on a year-over-year basis by February. (ISI Group Summary, Dec. 10)

· Helped by a ramp-up in inventories but hampered by lackluster consumer spending, GDP should grow at about a 3% pace next year, Hyman says. That would be enough to lift earnings but not to prompt excessive monetary tightening by the Federal Reserve. The recovery in 2002 "may surprise everybody by not fitting any letter…and by being steady and moderate," he writes. (ISI Group Summary, Dec. 10 and Dec. 17)

What is your estimate for S&P 500 earnings for 2002 and 2003? Where is your SRPY?



To: William H Huebl who wrote (56538)1/11/2002 12:50:56 AM
From: Skeet Shipman  Read Replies (1) | Respond to of 94695
 
The Bad News
BUSH BACKS AUTOMOTIVE REVOLUTION
Fuel cells get big push, but at expense of existing program.
(and future drivers)
Two decades ago the advantages of the hybrid gasoline-electric cars was explained to me by an automotive engineer that worked for Ford. And the exorbitant cost of hydrogen fuel cell vehicles. Estimates of the per mile operating cost of gasoline engine cars is 7-9 cents a mile; for gasoline hybrids roughly 12 cents a mile; hydrogen fuel cell a roughly $1.50 to $2.50 a mile. Why is the Bush administration ditching a developed technology for such an expensive futuristic unknown?
(The costs do not include the purchase cost of the car.)