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sgolds

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sgolds

Re: upc post# 40342

Thursday, 07/22/2004 3:48:15 PM

Thursday, July 22, 2004 3:48:15 PM

Post# of 97785
upc, yes it is an opinion piece. It does bring together things I've been reading and hearing. The facts it presents are not in dispute - although Bush does point to job increases, he avoids mentioning comparisons to previous recoveries.

In terms of stock prices, AMD, Intel and others have seen a lot of stock appreciation based on an assumption that once the jobs recovery kicks in then it would follow a familiar profile. Right now it isn't - which will give you one good reason why tech stocks are in the dumper now. They anticipated a stronger overall economy than we are seeing, they got ahead of themselves.

Buyer beware.
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