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limtex

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limtex

Re: Zeev Hed post# 282599

Wednesday, 08/11/2004 12:54:40 PM

Wednesday, August 11, 2004 12:54:40 PM

Post# of 704019
If you look at today you might think the economy had fallen over a cliff.

All the talk is of earnings warnings and missing and increassing inventories.

Is that an accurate picture of the economy? Are we in an incipient recession?

If so then the next jobs report on Sept 3rd is likely to show a net loss of jobs.

The market is having a re-run of 2000/2001. Maybe it knows something that industry doesn't know?

I happen to believe the economy is not in incipient recession. If it were it would be the quickest onset of recession since who knows when.

L

L
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