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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: michael97123 who wrote (59398)	1/25/2002 12:06:06 PM
From: Sam Citron	Read Replies (2) \| Respond to of 70976

Enron debacle is making many companies much more cautious in their statements, tempering some of the optimism that may be out there. That will be good for the markets when the comparisons get blown away by a bigger factor than expected. I believe that Ed Hyman, an economist at ISI Group, has forecasted that ENE-inspired restatements and conservatism will result in a full percentage point loss of GDP for each of the next five years. You can spin that into something positive by pointing to an offsetting improvement in the quality of corporate earnings and greater transparency, but that is as far as I would go in interpreting it as "bullish".