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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (9744)	7/21/2002 11:20:13 PM
From: Dave Gore	Respond to of 16631

Mish, actually I disagree. I have seldom seen the backdrop for economic growth much better coming out of a mild recession. The big problem was that cap ex spending got way out of hand a couple years ago. There's lots of positives - consumers still have money from pulling equity out of their homes, interest reates are low, inventory levels way down, businesses ready to start new computer lease cycles, etc. It's really not that bad with interest rates INCREDIBLY low, the lowest we've ever had coming out of a recession. It may be 3 months or 9 months yet, but we're going to see a nice, steady, growth. Not a barnburner but just fine. It's all cyclic and we've seen this all before. The economy's no big concern really.