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 Strategies & Market Trends : Strictly: Drilling II

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To: Frank Pembleton who started this subject11/29/2002 10:01:36 PM
From: Surfratiam of 36161
 
Jeesh, on Wall Street Week and CNBC and listening to Bloomberg radio. These analysts are saying how the economy has turned, stocks up from this point. In the industry I work in there is no turn around. Autos sales will be down. Unemployment has steadied? More people collecting this week than last again. Retail??? 50% off at many stores. Alls well in Iraq and Israel..NOT. Terrorism still prevalent. Bonuses this year not. Earnings disappointing. Any company with debt will have a hard time getting loans. Airline industry in the pits (and it will get worse). And I am an optimist. And my favorite, the consumer will lead us out of this (have heard it over and over these last few days). Sooner or later the piper will have to be paid...my guess is sooner. Consumer with bottomless pockets? What do they see that I don't?
Later,
Rock
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