This market is ready to crash. Most companies expenses exceed revenues and many are replacing needed revenues with sale of assets.It all comes down to why we are loosing industry and jobs that go with it to China. In business transactions, 100 yuans = 1 gram of gold = $13.50. 1 yuan = $8.27. 100 yuans = $12.09. The USA has two choices, 1 Get its house in order by cutting taxes, open the service industry to competition, cut inefficient spending, get rid of dubious job creation schemes, or 2 merge with China and have the communist party force on us 1 above.
Posts: 62 | From: Franklin ME USA | Registered: Nov 2003
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Chris, in a way, I totally agree with you. We've been outsourcing work for so many years now [it all seemed to start with NAFTA, but I may be 100% wrong here] that it's unreal. Walmart ran an ad about "made in the USA" 2 or 3 years ago, of course hoping to catch up on the masses much more patriotic leanings at the time, and so have other companies. It's all a joke, and unfortunately, it's on us ! These companies could care less about made in the USA or anything else about the USA; the bottom line is all that matters to them, and if it's written in American blood, they could care less. There are few real patriotic companies, though there are some. But no Chris, the market's not ready to crash, contrary to Elliot Wave theorists and others. Do you think Bush is insane ? Hardly. And I know the original post is from over a month back, but MSFT seems to be climbing higher now; I'm sure it will climb higher in the coming year, as will INTC. I look for a good year. Presidents and potential candidates may not actually care that much about the economy and market, but you think the current administration is going to have the economy and market as liabilities, regardless of what has to be done to jack them up even higher ? I'm not really sure, maybe there is real growth, jobs, etc.., but I seriously doubt that. However, don't sell the current administration short as far as shoring it up through Nov 4, 2004.
MALACHI Yes you probably are correct. Politics always creates a strong push into an election year and all the numbers look good. I"m looking for a pull back next year and then a period of growth> VAN
Posts: 1424 | From: Peoria, IL. USA | Registered: Oct 2003
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