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

To: mishedlo who wrote (89496)	7/1/2002 8:22:19 PM
From: Smart_Money	Respond to of 99280

"By the time you get to Wednesday, everybody will be sliding out," said Larry Wachtel, market analyst at Prudential Securities. "The following week, when the second-quarter earnings actually start to arrive -- that's the moment of truth for the market, but this is really kind of a throw-away week." After today I guess most investors are willing to throw the towel first thing in the morning.

To: mishedlo who wrote (89496)	7/1/2002 8:46:09 PM
From: michael97123	Respond to of 99280

Mish, Great reading. I guess this is the crux of it all. mike

To: mishedlo who wrote (89496)	7/1/2002 9:10:12 PM
From: LTK007	Respond to of 99280

Excellent piece, and the fact he brings out there is a friendly battle between him and Dick Berner is a nice touch. And it really does all ride on the american consumer. Does the consumer do the reasonable behavior and pulls back on their spending or do they keep pushing the envelope?

To: mishedlo who wrote (89496)	7/1/2002 9:27:52 PM
From: SirRealist	Respond to of 99280

Mike, what was the date of the last consumer barometer? The next could trigger the end of any rally.