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To: E.J. Neitz Jr who wrote (48505)	6/7/2003 10:02:22 AM
From: Suma	Respond to of 53068

Thank you for posting this article. Being in the same genre as Mr. Glickenhaus. I concur with a great deal of what he says here... especially when the skeptics shake their heads because some of us who have been around longer take a stand they find incredulous... Good to see you posting again. Suma

To: E.J. Neitz Jr who wrote (48505)	6/7/2003 10:47:27 AM
From: BWAC	Read Replies (3) \| Respond to of 53068

You perma bear you. I don't think I have ever been put in that group before. Economy improving? No it isn't. Unemployment continues up. Consumers continue to pile up low interest debt that I sure hope they are smart enough to have at fixed rates. Cause they will get crushed when Greenspan turns against them. Speaking of which? How many personal financial disasters has he provided the drug for? Businesses might be spending and investing a little more. But are businesses just spending in a maintenance mode, what they need to maintain their systems and infrastructure. Rather than add capacity. And subsequently add jobs. Jobs and income and tax which adds to the economy? Manufacturing jobs are still exiting the country. Has an economy ever run on the sole strength of the service sector? Serious question? States in budget crisis. Fed dreaming up tax cuts, and dreaming up ways for the States to spend more. Feds say spend more on schools, States actually laying teachers off. Is this the sign of an improving economy? See my Trucking comments from earlier this week. Is that the sign of an improving economy? I think "improving economy" is being confused with "improving operational earnings". Many companies have finally completed the difficult task of ramping large labor forces, bloated overhead costs, and boom time money pits down. I guess the buzzword would be that they have 'rightsized' their expenses and revenues. Thus driving earnings up. These earnings are results of operational expense efficiencies not of an improving economy and increasing demand. Who knows for sure? Maybe the economy has stabilized at this current point. For now. But unless you get some job growth, some interest rate sanity (vs the extremes of the last few years, both up and down), and some political change then times will soon get very difficult. Stocks going up do not mean an improving economy, no matter what CNBS tells you. I hope the economy does improve. I don't like being labled a perma bear or associating with them. I also don't like seeing unemployment running at 6%, and over 10% in some areas. Especially when neither of those numbers count the people who have simply given up and just wander the 'hood' all day.

To: E.J. Neitz Jr who wrote (48505)	6/7/2003 10:54:37 AM
From: Carl Worth	Read Replies (3) \| Respond to of 53068

gee, what a shock, a bearish article in bEarron's...fine with me, is there any publication that is more consistently wrong than barron's? quite frankly, the bullish sentiment at the current time is too high for my tastes, as i said, we are due for a rest, but all this nonsense about things being so bad is just chicken little talk, it's always around, it was around when the naz was 600, and 1400, and 2500, and 3000, 4000, 5000...oh yeah, at 5000 it was finally right, but missing a run from 600 to 5000 to finally be right is not exactly what i would call being exonerated people say we have a jobless recovery, and that means we are in bad shape, but jobs always lag the economy....if you use that logic, we had almost "full employment" at the height of the bubble, so that logic would have had to say that things were great back then, years of prosperity should follow...except it just doesn't work that way...what we have now are lean, mean companies that are ready to capitalize on the upturn in the economy this glickenhaus dude is obviously just an old cynic, he just takes shots at people and barron's gives him a place to do it....pretty much a waste of paper, ink and bandwidth...he says he is an optimist, yet really what he is is a melodramatic blowhard, that line about how he is an optimist yet he is so pessimistic it makes him "so unhappy"...that pretty much sums up being a permabear....you live in the greatest country in the world, in times when you have so many options for your life, you can do almost anything if you set yourself to it, yet you are so unhappy? it's really unfortunate, much of what he says is just blather, he obviously loves to see himself in print and he has to make inflammatory, even absurd, statements to accomplish that, but that line pretty much tells it all...after all these years of life, and certainly having been successful in his occupation, he is unhappy, and why is he unhappy? because his pessimistic outlook causes him to be that way....truly unfortunate carl