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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (18057)	12/22/2002 1:21:43 PM
From: MulhollandDrive	Respond to of 57110

moneycentral.msn.com good news was a function of many one-time events which coalesced early on. I think that the economy is liable to be weak in 2003 and could, in fact, become very ugly. On this, I’m with Leon Levy, the creator of the Oppenheimer group of mutual funds, who is one hell of a lot smarter than I am, and whose experience and net worth far exceed mine. Levy (who’s written a wonderful book, “The Mind of Wall Street”) told Forbes recently, "Nothing is in short supply. I keep asking that question of everyone. And they have no answers. . . . Autos, fiber-optic cable, computers, cell phones, trucks, airplanes, steel, even food (are in oversupply). . . . It won't get back to the way it was. . . . If nothing is in short supply, how can profits rise?" And when profits ultimately do bring about another bull market, he specifically noted that it won't be in technology. In fact, it might be in Asia, where all the factories and cheap labor are located. .......