[CANSLIM] Mr. G

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: [CANSLIM] Mr. G
Date: Sun, 14 Jul 2002 10:49:34 -0400

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Alan Greenspan makes his semi-annual speech to Congress on monetary policy
on Tuesday and Wednesday (Senate Banking committee on Tuesday, House
Financial Services Committee on Wednesday). Inflation and economics will not
be what the politicians will want to hear about, however, they will want
reassurances that corporate accounting problems are being addressed and
corrected, and the tumble in the stock markets will not undo the weak
economic recovery to date.

They will want to hear that business spending, on new equipment, new
technology, on inventory, is about to begin. And they will want to have
their hands held, and told that everything is now in order.

Mr. G will try to cover much of this, but don't expect all concerns to be
solved or resolved. Still, his presentations and influence could go a ways
towards at least stabilizing this market, and helping put a bottom into it.

Tom Worley
stkguru@bellsouth.net
AIM: TexWorley



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