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Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: gpowell who wrote (1125)	5/12/2003 4:34:36 PM
From: Win-Lose-Draw	Respond to of 4904

for some people, everything is bearish. for instance, when merrill lynch says "balance sheets are good" that's bearish because they always lie. when merrill lynch says "balance sheets are bad" that's bearish because they only lie about stuff that isn't balance sheet related. like, when goldman upgrades a stock, that's bearish because they want to sell what they're holding, when goldman downgrades a stock that's bearish because they want to go long. or, when the economy grows, that's bearish because such "manipulation" can't last forever, and when the economy shrinks, it's bearish because things will never change. got it? -g-

To: gpowell who wrote (1125)	5/12/2003 4:52:38 PM
From: Earlie	Read Replies (1) \| Respond to of 4904

GP: Not to step in where Dak could do a better job, but with respect to the short term here in N. America, he is accurate. Most N. American consumers rely increasingly (totally ?) on borrowed dough for their major purchases. If the rate of their borrowing slows (i.e. they actually start to save) then, fewer bucks get spent in the current economy. This just intensifies the negative spiral over the near term. Obviously, over the long term, it is good for the economy as it provides the ammo (dollars) for future investing. The US consumer has cut back in his borrowing of late, except for the refi scene (which should be viewed as just another form of consumer borrowing). Best, Earlie