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

To: MulhollandDrive who wrote (17818)	3/6/2002 1:05:10 PM
From: Jorj X Mckie	Read Replies (2) \| Respond to of 23786

Yup, everybody knows that the big rally is coming, everyone can see that inverse H&S on the weekly comp and ndx. Everybody now knows that there was no recession and if there was, it is now over. A week ago, the charts looked to be going down. The direction was clear. But, the market action changed that and now we have a breakout from the down channel. Those bearish signals were wrong. Things look the most bearish on the bottom and the most bullish at the top. So, if the recession is over, should we expect the layoffs to stop now? How about missed earnings? I am would bet that we are going to have a couple more high profile layoff announcements in the next 30 days. I bet that the earnings warnings start coming in within the next two weeks.

To: MulhollandDrive who wrote (17818)	3/6/2002 2:47:14 PM
From: John Pitera	Read Replies (1) \| Respond to of 23786

An Excellent Post post Mrs. Peel. Credit spreads have been coming down for several months now and that shows that the financial system is in better shape. This is post the should really be studied, and those charts are helpful as well. Well after business peaks, inventories are being financed, and backward-looking financial statements remain strong. And well after the economy rebounds, banks that have been burned by late payments and defaults are reluctant to extend credit. Bankers, unlike investors, don't get rewarded for being the first one to buy. I should post Howard Simons piece on the market lab thread