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To: LLCF who wrote (21349)	7/17/2002 1:06:08 AM
From: Maurice Winn	Read Replies (2) \| Respond to of 74559

DAK, the average age of cars in the USA is not 2 years and it wasn't 10 years in the early 1990s. Mq

To: LLCF who wrote (21349)	7/17/2002 10:52:18 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

Well, I can see that you're back to your normal charming self. If you are going to continue(?) to succeed as a trader, you will need to learn to control your emotions and to evaluate economic data objectively. Here's what you said, oh biased one: >>average age of an auto is what... 2 years???? It was 10 in the early 90's<< And now, here are the facts (unless of course the Federal Highway Administration is lying, like every other government department {heads up - that was sarcasm}): >>The average age of automobiles has continued to increase, to a high of 9.0 years in 2000<< fhwa.dot.gov You know DAK, in the age of Google, it's so easy to avoid making a fool of yourself. Thinking is not required. Just the ability to type a few keywords.

To: LLCF who wrote (21349)	7/17/2002 10:57:26 AM
From: AC Flyer	Read Replies (2) \| Respond to of 74559

By your logic - increasing earnings means that we're at the top of the economic cycle (ROFL) - here's some more "bad" news from today's headlines: >>Ford Motor Co. reported a profit of $570 million in the second quarter, breaking a string of four consecutive losing quarters. The results beat Wall Street expectations. Honeywell International reported sharply higher second-quarter profits, mainly due to huge one-time charges the high-tech diversified manufacturer took a year earlier. The nation's two largest banks, Citigroup and J.P. Morgan Chase, reported higher second quarter profits on Wednesday thanks in part to rising bank deposits and improvements in their credit card businesses. <<

To: LLCF who wrote (21349)	7/17/2002 11:24:56 AM
From: AC Flyer	Read Replies (1) \| Respond to of 74559

Remember this, DAK?: >>the really great thing about the last year's kitchen sink write-offs (in bad times companies take the opportunity to write off everything, including the undepreciated basis of the kitchen sink) is that they will be followed, as day follows night, by tremendous year over year earnings improvements. Message 17612936 It's happening, and it was oh soooo predictable: >>Honeywell International reported sharply higher second-quarter profits, mainly due to huge one-time charges the high-tech diversified manufacturer took a year earlier.<< siliconinvestor.com