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

To: limtex who wrote (39535)	3/10/2002 3:54:34 PM
From: Steve Lee	Read Replies (2) \| Respond to of 99280

I think the real number for GDP growth will be around zero for Q1 2002. Then Q2 I expect the real number to be down 1 - down 1.5% on an annualised basis. The headline figures after they have been tampered with are more tricky. I reckon a 0.5 - 1% annualised increase for Q1. This will cause the markets some consternation in May/June when compared to the 1.4% we just got. Then down 1.5 - down 2% annualised for Q2. The resulting Aug/Sep selloff, IMO will be the lowest the broad markets get probably for many years. The NDX will reach a bottom around then that might be breached further within the next year as a full understanding of the "New Economy" sinks in .