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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Challo Jeregy who wrote (5930)	4/10/2002 1:40:52 AM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Hi Challo, there are a few bullish datapoints. The positive A/D line the past number of months. The broader based strength of the Russell 2000, S&P 600 etc. The positive monetary environment. So it's not uniformly a bearish picture. I was talking on the phone with a guy I know who has a couple of auto dealerships. One of them is a GM dealership, He can order a custom built GM car from the factory for a customer and have it arrive in 13 days. It used to be 4 to 6 weeks for a car custom ordered to a buyer's specifications. This productivity progress is real and is pervasive across many industries. And not only is it not going away, indications are it could accelerate over the next 5 years. He is positive on ORCL over the next several years, since he feels they have the deep pockets and the talent base to bring a next generation of database and Ecommerce purchasing software to companies such as autodealers at a price level where it will be cost effect for the dealers to buy it. So we have a picture of mixed elements, and we do have a number of excesses still being worked off. We are fortunate that The US market system is the most responsive, adaptive and innovative of any of the world's major economies. China may be the next great country, but we'll need to see them execute. John