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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: arno who wrote (12187)1/30/2002 5:32:29 PM
From: Jorj X Mckie  Read Replies (3) | Respond to of 23786
 
what is amazing is that even the ewavers are getting bullish now.

AG's speech was neutral at best. And there is a lot of hooey being spouted about the GDP numbers coming in stronger than expected. Doesn't anybody realize that coming off Q3, which killed GDP, you would expect some growth. Especially with the holiday shopping and 0% interest rates.

Here's something for everyone to ponder. Now that it is January, gonna be smaller net paychecks. You ask why? Well, many people max out on their state taxes before the end of the year (I think that this extends beyond California), but once January comes around, we all get reset to zero and have to start paying the state taxes again. Additionally, many people max out on their 401k before the end of the year. Those deductions are now coming out again. So, where that money can go into the stock market, it certainly isn't going into reviving the economy. (can you tell that I just got a paycheck?)