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To: Knighty Tin who wrote (211679)	12/28/2002 12:45:19 PM
From: Secret_Agent_Man	Read Replies (3) \| Respond to of 436258

Many major pension funds remain under funded, which will cut into future corporate profits. P/E ratios are at historically very high levels, not low levels of which bottoms are made of. The dollar is headed south, probably BIG TIME SOUTH! States are staggering under their own growing budget deficits. Taxes are going UP, which will dampen consumer spending. Deflation (foreign competition) is crimping US corporations ability to raise prices, but Inflation (rising costs such as commodity prices) is hurting their profit picture. The war picture is a mess. Why attack Iraq unless it is for their oil? Then, how does that make us different than the Japanese or Germans of WW II? Corporate and individual debt is way too high. The re-fi housing boom that has fueled the economy will end soon. The market "hates" uncertainty. Can the US financial picture be more uncertain?