[CANSLIM] 36% growth (was: Mr. Greenspan's testimony)

From: Hermann Ertl <hertl@attglobal.net>
Subject: [CANSLIM] 36% growth (was: Mr. Greenspan's testimony)
Date: Sun, 21 Jul 2002 13:30:31 -0400

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> From: "Tom Worley" <stkguru@bellsouth.net>
> Date: Sat, 20 Jul 2002 20:02:37 -0400
>
> Interesting that he waited for the final paragraph of his speech
> to reveal that the Feds were making a sizable increase in their
> forecasts for this year's GDP growth rate. This is a full percent
> increase over what they forecasted as recently as Feb '02.
snip
>
> quote:
> Indeed, the central tendency of Federal Reserve policymakers'
> forecasts is for expansion of real GDP over the four quarters of
> 2002 of 3-1/2 to 3-3/4 percent, somewhat above the rates
> anticipated in our February report.


> From: "Tom Worley" <stkguru@bellsouth.net>
> Date: Sat, 20 Jul 2002 23:10:48 -0400
>
> that 1% change means a 36% growth in a weak and recovering economy.
snip
> Put it in perspective, if you believed your present cash for
> investing would go up 36% this year if invested, would you still be
> in cash?



> From: "zillagirl" <zillagirl@email.msn.com>
> Date: Sat, 20 Jul 2002 19:37:54 -0700
>
> Thanks Tom for providing insight about these things for those of
> us that know that are relevant but not sure to what degree.  I
> would have thought that 1 % was not much but you use the term
> sizable increase. Helps to see things more clearly.



zillagirl, I agree with you. An increase of 36% of the rate of growth
is not equivalent to 36% growth (of GDP, cash, or whatever).





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