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Technology Stocks : MRV Communications (MRVC) opinions? -- Ignore unavailable to you. Want to Upgrade?

To: Dee Jay who wrote (41251)	6/26/2003 8:57:19 AM
From: Greg h2o	Read Replies (1) \| Respond to of 42804

<<A year from now come back to this one and see if there's any validity to it.>> darn, do i have to wait a year? <G> i'll refrain from addressing the political nature of the post, and simply state that i disagree with the premise of your statement "Those who benefited the most from the tax cuts are not going to spend wildly on consumer goods." i think those who are now paying zero taxes will use that money to purchase goods. further, those who are seeing the immediate change in their take home pay will likewise spend that money. maybe if they were given the average tax savings in one check, they would possibly invest the money. but given the average tax payer will see the amount spread over his pay checks, you'll see that money re-enter the economy. if those who are in a higher income tax bracket decide to invest the money, don't you think that will further aid the economy? what if that particular tax payer is a business owner? do you not think the money will be used on capital expenditures? economically (not politically) speaking, i think the fundamentals are in place for recovery. the main obstacle remains a nagging little lagging indicator... employment. of course, i think it's notable that production has increased dramatically and much of the fat that was trimmed will relocate in the next growth wave. i would think europe (and the rest of the world) to be envious of a 6% unemployment rate. think of all of those tech and telecom jobs lost over the last few years and we still have ONLY a 6% unemployment rate.... oh, and i have a good example of an individual in that 6% (i don't promote this type of behavior, but the current system does). i have a client who is in his late 50's. he took "early retirement" from LU when they sold the optical component division in atlanta to Furakawa. he has a decent little pension (didn't keep all of his 401k in LU stock, either), files for unemployment, and works just enough consulting hours to remain on the unemployment "payroll". he has no incentive to go back to full time employment....