[CANSLIM] Gloom and Doom

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: [CANSLIM] Gloom and Doom
Date: Sat, 13 Jul 2002 21:01:14 -0600

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for a change of pace, as opposed to doom and gloom.  Here is an article where the 
author suggests several more years of economic shakeout following the bursting of 
the stock market bubble, he also speculates that the housing market may be the 
next bubble to burst.  Here is the link with an excerpt -

http://www.morganstanley.com/GEFdata/digests/20020712-fri.html#anchor0

This admittedly stylized depiction of America's post-bubble macro climate provides 
some important hints as to what lies ahead. Two other bubbles still seem likely to be 
popped -- the property bubble and America's consumption bubble. It's only a matter 
of when -- not if -- in my view. As always, supply-demand imbalances hold the key 
to the property market. New homebuilding supply has been coming on stream with 
considerable vigor in the past couple of years. That's the message from the 
surprising strength of housing starts. Unfortunately, it's occurred at precisely the 
same time that demand underpinnings are being weakened by rising 
unemployment. As I see it, the housing cycle is much closer to the end than to the 
beginning.  


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