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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (33780)	4/5/2002 12:34:41 AM
From: isopatch	Read Replies (1) \| Respond to of 52237

Hi John. That is an interesting idea for trading crude. For natural gas stocks the index I keep an eye on is the XNG. It ran into major resistance the other day in the 200 area. Some support right under where we are now. And major support in the at 180. Doubt we see that right away. More likely June. Isopatch

To: John Pitera who wrote (33780)	4/5/2002 9:03:53 AM
From: Baldur Fjvlnisson	Respond to of 52237

Job Losses in Retail Accelerating Labor: Sector could rival telecommunications and automotive as having the largest downsizing this year, researcher says. From Associated Press latimes.com The pace of retail job cuts, which increased dramatically after Sept. 11, has accelerated in 2002, and this year's losses could be the worst in at least two decades as the industry consolidates, according to a new study. During the first three months of this year, 51,078 retail job cuts were announced, including the 22,000 job losses Kmart Corp. announced after its bankruptcy filing, according to a survey by Challenger, Gray & Christmas Inc., an employment research and recruiting firm. That is already halfway toward matching last year's record of 96,741 cuts, Challenger said. Based on the first-quarter figures, merchants are eliminating an average of 17,026 jobs a month, and John Challenger, chief executive of the research firm, expects that pace will continue, with this year's total estimated to exceed 200,000. "This is going to be the year in which retailers come to terms with changes of consumer behavior that was precipitated by the recession," Challenger said. He said the losses would be the worst since the 1980s.

To: John Pitera who wrote (33780)	4/5/2002 9:11:58 AM
From: Baldur Fjvlnisson	Respond to of 52237

The companies underlying the U.S. stock market may very well be collectively solvent. Just about. Here's why: <<<Fundamental Characteristics Month Ending 3/29/2002 Total Market Value ($) 13.0 trillion Mean Market Value ($) 2,180 million Median Market Value ($) 133.8 million Weighted Average Market Value ($) 81,327 million Largest Company's Market Value ($) 372.1 billion Smallest Company's Market Value ($) under 1 million Median Share Price $10.51 P/E Ratio 34.8 Price/Book 6.11 Current Yield 1.30%>>> wilshire.com Book value of the entire U.S. stock market as per the above = $2.1 Trillion. Deduct a trillion of goodwill, intangibles and other accounting fluff designed to deceive and defraud investors. Add a few hundred billion minimum of debt hidden off balance sheets. Also don't forget to discount for a solid tradition of fraud in accounting and a total lack of any sort of regulation. Ergo: the whole U.S. stock market may have a book value of as much as 500 billion, even as much as one trillion dollars and is hence trading at 10-15 times book value. Have fun accumulating upcoming bankruptcies.