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To: Jack of All Trades who wrote (89000)	1/9/2004 4:21:03 PM
From: bcrafty	Respond to of 209892

There is definitely more business spending going on That spending seem to be fueling the tech rally at least as much as consumer spending, IMO. Consumers don't buy much from the companies in the networking sector for example, much less from the VoIP or nano sector.

To: Jack of All Trades who wrote (89000)	1/9/2004 4:21:53 PM
From: yard_man	Respond to of 209892

Hey man -- you know no one has a crystal ball -- they use stocks and TV for that -- of course!! they look at how stocks are doing and hope for a self-fulfilling prophecy -- ain't gonna happen that way. Instead easy money will do what it always does best -- help folks making capital budgeting decisions screw things up to the maximum practical extent!!

To: Jack of All Trades who wrote (89000)	1/9/2004 4:22:14 PM
From: ajtj99	Read Replies (1) \| Respond to of 209892

I think the capital equipment purchases up to $50,000 have a lot to do with favorable tax treatment that expires at the end of this year.

To: Jack of All Trades who wrote (89000)	1/9/2004 4:24:09 PM
From: skinowski	Respond to of 209892

But, one thing that is always mentioned is the improving stock market as a reason for businesses doing better People now recognize that the stock market is a leading indicator for the economy. In 1999 they didn't. As per EW, both the stock market and the economy are the function of the public mood, the Collective Unconscious. The Fed and people like Rubin, I think, sense that this is the case. They believe, however, that optimistic public mood - and consequently, an improvement in the economy and an advance in stock prices - can be "manufactured" by stimuli like low rates and easy money. I would like to hope that they are right, but I doubt that. It will probably just make matters worse.