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

To: limtex who wrote (32570)	2/22/2002 9:45:37 PM
From: Zeev Hed	Read Replies (1) \| Respond to of 99280

Limtex, I think that you are very wrong, you forget that the market is a discounting mechanism. The economy is probably going to register only one negative GDP quarter, that negative growth (and the profit recession) was "forecasted" by last year's bear market and the current recovery was forecasted by the spectacular 20% plus rise in the Dow and 50% rise in the Naz from the September lows. Now, the current decline is trying to look some six plus months down the road to possible instabilities in the mid-east and the second dip in the recession, just as suggested in my December 29th ( #reply-16842549) post. Right now, the economy is, surprisingly, growing, and I think that a spring rally will be ignited by some frothy forecasts of better times ahead by corporate America as they deliver their first quarter results early in April. Zeev