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

To: Zeev Hed who wrote (67285)	5/14/2002 9:05:18 PM
From: orkrious	Read Replies (1) \| Respond to of 99280

may be facing new fears, particularly the fact that the various "things" that were done (rightfully, IMTO) to prevent an economic collapse after 9/11 have longer term consequences, which we will start and face soon. thestreet.com Note what Carly says about the recent falloff in consumer spending. (Thanks to Justa for the link): As a cautionary note, H-P management also added that it saw a slowdown in consumer spending beginning in March and worsening in April. It would not extrapolate on that phenomenon, but CFO Bob Wayman outlined its effects in causing a buildup in inventory to a high eight weeks of product in the channel.

To: Zeev Hed who wrote (67285)	5/14/2002 9:11:43 PM
From: westpacific	Respond to of 99280

The numbers, even the retail numbers today are being 'tweaked' to meet the objective. That is to keep consumers spending and bubbles inflating. If that process stops under these massive debt loads, then their is big trouble. Most data is being 'tweaked' to meet this agenda.

To: Zeev Hed who wrote (67285)	5/14/2002 11:19:02 PM
From: paul_philp	Respond to of 99280

Zeev: Thanks. I am experiencing cognitive dissonance right now. I understand and believe that the 9/11 policies are going to hurt but there is still something ... I think I just have no reliable gauge to measure the 'overvalution' issue. All the macroeconomic metrics are out of the normal range. I guess I will just have to give up shortcut tools like P/E and go back to first principles. Thanks again, Paul