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

To: Jorj X Mckie who wrote (32717)	3/17/2003 2:14:10 AM
From: stevenallen	Read Replies (1) \| Respond to of 57110

'Halloween II' for Stocks? AHEAD OF THE TAPE By JESSE EISINGER Think back to October, the last time stocks took a huge bounce off multiyear lows. Many investors declared that the worst was over and that stocks suddenly looked good. Last week, we bounced again. We all know what happened in October, but we are in better shape now, right? We've had more time to work off the excesses of the bubble. The world is a safer, more prosperous place, right? Right? Back in October, even in the midst of what was a corporate-funding panic, nearly no strategist or economist would publicly entertain the idea that we were headed for a double-dip recession. In fact, economists surveyed by the Blue Chip Economic Indicators in October thought we'd grow at 3% this year. Now, economists see the economy growing 2.6% this year, and much of that is supposed to come from the fabled second-half bounce. The idea that the economy is losing ground is, though certainly not a common or consensus view, one that cannot be so easily discounted. Economists must "acknowledge the risks" a high oil price poses to the U.S. economy. But at least earnings are strong. Well, the oil price jump will cut into profits. The producer-price index is rising faster than the consumer-price index, suggesting there'll be a margin squeeze because companies still lack pricing power. (Granted, that's sort of a way to make the same point twice, but other component prices are rising, too.) So, what were we thinking in October? Analysts expected Standard & Poor's 500 companies to have operating-earnings growth of a whopping 17.5% this year over 2002, according to Thomson First Call. That number is 12% now. In mid-December, analysts expected revenues to grow 5.4% this year, but now the top line is expected to swell only 5.1%. And don't the current expectations for both earnings and revenue still seem a tad high? That should make stock-market investors suspicious of last week's rally. Unless, of course, the rally had nothing to do with fundamentals. If the bond market became ripe for a technical rebound, if buyers rushed out of Treasurys and into stocks, if the phenomenon built on itself because fund-managers chased, it makes perfect sense. Updated March 17, 2003 1:03 a.m.

To: Jorj X Mckie who wrote (32717)	3/17/2003 2:28:07 AM
From: X Y Zebra	Respond to of 57110

hahaha Hey... JXN may turn bilingual, and better, learning all that slang... for example... I have always laughed at the Spanglish concoctions that advertisers and food promoters manufacture... I mean where the hell did they come up with "Nachos" -lol The Corona marketeers made the "cinco de Mayo" celebration more popular in te USA than it ever was in Mexico... next, somehow, they decided that that date was the Mexican Independence... [of course it does help that in general Americans are not very fond of History or Geography -lol] It is a good thing that The USA and Mexico serve as a buffer zone for the rest of the Latin American continent, otherwise the Ammerifornication of Latin America would be far more advanced... -gggg nothing wrong with American traditions, but hey give me a break... I mean there is some value to the fact that you can go to places like Costa Rica, or Buenos Aires, or Río etc... and get away from... the "Golden Arches" and such... you know what I mean ? no offense intended of course... more examples of the American marketeers twisting of the Spanish language.... "Nacho" is the short (or endearing) name you use to call someone named "Ignacio"... now... slang... "nachas" = nalgas LOL and there is where you derive the name of "chones" (calzones) [no, not the Italian "calzone"] but calzones = underwear (and chonas = nalgas... [I can't believe I am writing this stuff -ggg] so... it is pretty wild to hear for the first time (a long time ago) that 'nachos' is something you eat... by now it is an accepted form.... like that, there are many examples... you really ought to let JXN spend time with his nannie... he may learn enough to actually speak it... I have three nephews who are fluent in English, Spanish and French by the simple fact that they spent a good part of their childhood in three different countries speaking those languages... --> it does help that the three of them are near geniuses, the least educated of the three (as he sarcasticly refers to himself in comparison with his brothers), has an MBA -lol [the other two have Phd's one in Math and the other in some sort of nutrition stuff] As for your mind... permanent residency in the gutter ? do they issue brown cards there ? LOL