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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: J.T. who wrote (13514)	7/17/2002 2:29:54 PM
From: marginmike	Read Replies (1) \| Respond to of 19219

There is so much capacity out there it isnt funny 10-20million cars ould be built. Chips cell phones, you name it there is massive excess cpacity. I think utilization is at 70% and that doesnt include hollowed plants. China is about to come steaming aboard with new capacity. If you are betting on capacity increasing you are smoking CRACK-ng- Ask anyone in a technology biz and they will tell you the over capacity is rapent. If you know anyone in the printing biz ask them? How many broadband options do you have, think there is much room for new buildouts? DSL/CABLE/SATELITE/ and now 1xrt. There are a few others. 90% of capacity in BB not even close to being used. On top of this debt levels need to be skewed down for real economic health to resume. I believe you are confusing slight improvement with strength and utilization. I am not arguing we couldnt have a bull here for a period, but the escess's we have will be with us for a decade. IMHO