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To: schrodingers_cat who wrote (143307)	6/24/2002 4:03:15 AM
From: GST	Read Replies (1) \| Respond to of 164684

Cat: Interesting scenario -- no connection I can to see to reality, but it is an appealing fantasy. The travel business is a good barometer of the consumer -- and that barometer is saying "recovery is someplace between very, very anemic and completely dead". Good luck with your visions of a turnaround. The day-to-day tracking of tourists tells us that around April they just shut their wallets and stayed home. There is no 5% growth. We may already be in the early stages of slipping back into recession. For stock investment, it does not even matter if we are in "recovery". There are strong reasons why money is leaving our markets -- recovery or no recovery. But to pin your hopes on 5% growth? It makes no sense. There is no 5% growth.