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To: James Strauss who wrote (56875)11/3/1998 10:16:00 AM
From: HairBall  Read Replies (1) | Respond to of 58727
 
James Strauss: Never underestimate the word VALUE. It will eventually come back to rule. So, play those longs, but keep glancing back over the shoulder. It will prove to be wise!

Regards,
LG



To: James Strauss who wrote (56875)11/3/1998 10:21:00 AM
From: Lee  Read Replies (1) | Respond to of 58727
 
Jim,..Re: We are no longer strictly an industrial economy... We are more of a service economy...

Good observation. Thanks for the reply. Also, from thestreet.com to substantiate your observation.

thestreet.com
The Invisible Mouth: The Problem with GDP Predictions

By James Padinha
Economics Correspondent
11/2/98 2:33 PM ET

But keep in mind that two things are mesmerizing the commentariat at the moment. One is Wall Street layoffs. The other is the manufacturing sector. Yet our economy employs over 126 million people and, much New York-based press to the contrary notwithstanding, its fate does not hinge on the dismissal of a few fixed-income types or the disappearance of an emerging-markets desk here and there. Meanwhile, the manufacturing sector accounts for only 19% of total output -- and only 15% of total employment -- in this country.

So when will this concept sink into the general opinion? <g>

Thanks,

Lee