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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Robert Scott who wrote (27743)	1/16/2002 7:41:33 AM
From: Secret_Agent_Man	Read Replies (1) \| Respond to of 52237

[JPM] J.P. MORGAN CHASE Q4 EARNS MISS CONSENSUS 35 CENTS J.P. MORGAN CHASE Q4 OPG EPS 12 CENTS VS 37 CENTS J.P. MORGAN CHASE Q4 REVENUE $6.841 BLN VS $7.575 BLN J.P. MORGAN CHASE CITES ENRON, ARGENTINA FALLOUT

To: Robert Scott who wrote (27743)	1/16/2002 10:52:21 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

>>I have heard that consumer balance sheets are actually healthier than they were coming out of the last recession with a significant increase in housing prices and stocks in spite of increases in debt.<< ntrs.com Given the recent surge in credit, those numbers are probably even worse now. >>If the consumer should pull back significantly, it will get bad.<< The question to me seems to be when, not if. Again, I don't know when, but it is inevitable that the consumer consolidate at some point. >>First and foremost, there is only one sector of the economy that is really suffering - the tech sector. << Manufacturing has been in the longest decline since the Great Depression. >>The difference with this recession is that it is a capital spending driven recession rather than a consumer spending one.<< Those tend to be tougher to overcome, and certainly less responsive to interest rate cuts.