Date Posted:09:01:28 04/22/03 Tue Author: Naval Vithalani Subject: G'morning
yep MSFT` earnings rose 2%...makes u wonder who` so confident about the recovery story tht they`re going out n buying a stock selling at 40/50times earnings and whose earnings only rise 2-6%..n tht too Pro Forma earnings.....
i dont know but everyone` pointing to china as an eco super power in the coming yrs...of wht limited knowledge i have of china nearly 2/3 of the population is living in the rural areas...once the US grinds to a halt....china will either have to look at domestic demand..which i doubt will be sustained once the export market is hit....or it will end up with the same over capacity problems..maybe something more...so this thing isnt goin anywhere until we clean up the whole thing..n thts goin to take a lot of time....my view ok...;)
LEI was down by 0.2% "inline" thts good...nearly 57% cos have met the "lowered expectations " news ....european markets are undecided n Nikkei was down 178pts..tech` take a hit - Mr. Softie, IBM, Infineon,STMicro etc
UK M4 expected at 7%
UK M4 Lending expected at £9bln.
GE CPI expected at 1.1%
GE PPI expected at 1.8%
