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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Killswitch who wrote (11238)	3/17/2002 9:01:25 PM
From: High-Tech East	Read Replies (3) \| Respond to of 19219

... the only problem with that Barron's article is the author ... Gene Epstein has been wrong about 80% of the time for the last two years ... he is a bull for all seasons ... if you paid much attention to him the last two years, you would have lost your ass in equities ... Ken Wilson

To: Killswitch who wrote (11238)	3/17/2002 10:24:30 PM
From: nsumir81	Read Replies (1) \| Respond to of 19219

"..a larger proportion of final sales will now come out of production.." Really? I saw that article yesterday. It focuses on consumer debt and then ends with a broad brush on industrial output. Nice finish. Nobody answers the most important question and that is the demand question, that has slowed down the economy. Larry Ellison said it very plainly the other day, that while the numbers seemed to support the consumer-side of things, he just was not seeing it on the corporate-side of demand. Why would companies be cutting capex..left, right and center? Even now? Why is Verizon laying off 20K more by the end of the year, Kmart (shambles as we all know) by 22K, Avaya etc etc. All this is not in the much-believed employment reports, yet. A similar question I asked of myself in early 2001. If indeed things were going to get better, or better to the degree that the 'seers' were predicting, why was everyone then laying off folks in droves?