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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: JAPG who wrote (51596)	5/30/2002 2:50:21 PM
From: stockman_scott	Respond to of 54805

McTeer: Rebound Like Jobless Recovery Thu May 30, 2:01 PM ET MONTREAL (Reuters) - Federal Reserve (news - web sites) Bank of Dallas President Robert McTeer said on Thursday that the U.S. economy's rebound from recession resembled a jobless recovery. In a speech to the Montreal Economic Institute, the Dallas Fed chief also said strong growth in U.S. productivity -- or worker output per hour -- augured well for the long-term health of the economy. But he cautioned that a pickup in business investment was needed to undergird the U.S. recovery. A plunge in business capital spending led the economy into recession last spring. McTeer is currently a voting member of the central bank's policymaking committee.

To: JAPG who wrote (51596)	5/30/2002 5:11:03 PM
From: Jacob Snyder	Read Replies (1) \| Respond to of 54805

Yes, I think so too. I keep on wondering why the market keeps going down, when all the indicators are saying we are past the trough, for the overall economy. And the productivity growth seen over the last 10 years, which seems to be still going on, is largely due to IT spending. Decision-makers are aware of that, so software and tech hardware will continue to be an ever-larger part of the economy. I'm more willing to buy now than last September, because I can clearly see the light at the end of the tunnel now. But........ within tech, there will be winners and losers. There are still areas where balance sheets are so ugly, we'll see a long lag (years, not months) before any sector pickup follows the general economy. And I've decided QCOM is going to be one of those laggards. So, today, I sold some QCOM at 31.4, and bought some AMAT at 22, and also some more ARMHY at 7.45. Just moving money around, incrementally shifting away from QCOM.