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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (16262)	3/5/2002 9:59:33 PM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

Hi Jay: Services now joining the party: Reuters Finance News Services Rebounds, Underscore Recovery Mar 5 4:46pm ET By Atiya Hussain NEW YORK (Reuters) - Activity in the massive U.S. services sector surged in February to the highest levels since November 2000, the latest in a series of strong data that points to a recovery taking hold in U.S. economy. Following a report last week that showed the U.S. manufacturing sector snapped a 1-1/2 year slump, the Institute for Supply Management said its monthly non-manufacturing index rose far above market expectations to 58.7 in February. The data indicated the services sector, which includes everything from transportation to legal and financial services, is poised to enjoy sustained growth in the months ahead, reinforcing economists' growing hopes of a robust recovery from recession in the United States. I feel sorry for the shorties. No party for them. Just the hangover. Plus the added stress of having to figure out why they were wrong. Again. Message 17116824 Message 17148747

To: TobagoJack who wrote (16262)	3/5/2002 10:16:59 PM
From: AC Flyer	Read Replies (3) \| Respond to of 74559

Jay: >>the one and only true money<< You know, I more or less agree with you on this. The problem is, it gets easier to print it (i.e. costs less to mine it) every year. It's no different to any other "money" in that respect - it is debased a little more each year. The essence of the goldbugs' hopes and dreams is that someone will f*&k up really badly in the fiat or political world and cause a gold buying panic. Unfortunately, the reality is that life gets better every year. With the US recovery and the productivity/China/CDMA boom that is about to resume full force, holding gold just doesn't look that attractive compared to buying the US and Chinese stock markets.