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

To: Steve Lee who wrote (14900)	10/29/2002 10:48:28 AM
From: robert b furman	Respond to of 19219

HI Steve, I agree with your concept. But in total - the % changes occurring are no more than the productivity improvements that advanced technology and the imbalances it creates have caused. These are not secular declines. Historically this last recession would be labeled the weakest - a recessionette if you will. It is the result of tight monetary policy in early to late 00. The rate lowering and money pumping and it related lags(12-18 months)are now pulling us out into what could only be called exactly what the doctor ordered A SOFT LANDING. Then all these doomsayers thru deductive reasoning assign bubbles to all quality companies in the population.They label it a secular bear and project its length to 18 years. This kind prognostication is as absurd as the guru's calling 36,000 in March of 2000. NO ONE - IREPEAT NO ONE has a chrystal ball. Its just the same MOMO mongers extrapolating the current trend into the ridiculous. MUMBO JUMBO B.S. Just watch the high frequency numbers - not one single number makes a trend and itis ok to put your hands down - the SKY ISN"T FALLING.gg Bob