Re: [CANSLIM] Worley's Weekend Weeview

From: "Tom Worley" <stkguru@bellsouth.net>
Subject: Re: [CANSLIM] Worley's Weekend Weeview
Date: Wed, 9 Oct 2002 00:52:10 -0400

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Bill, I have been seeing those types of comments for a number of years, and
every time they worry me. One of the things that impressed me about the
character of this country was how the USA went to work when we entered WW
II, and in a short time were able to pump out more Liberty ships ( and a
number of other designs as well) faster than the U boats could sink them.
They were not a thing of beauty, nor intended to last long (altho many were
still sailing decades later). But the hull capacity that was created was
phenomenal, particularly considering that many jobs as welders, ship
fitters, riveters, etc. were being done by women that had never worked
outside the home before. Technology and industry has changed in the past 50+
years, but I doubt that this country could respond in a similar way today in
the face of an outside threat (terrorism??, economics??). But the attitude
and performance of the tens of thousands involved in the removal and
recovery of the damage done at both the World Trade Center towers and the
Pentagon still gives me hope that I am being too pessimistic.

- ----- Original Message -----
From: "Bill Triffet" <btriffet@earthlink.net>
To: <canslim@lists.xmission.com>
Sent: Wednesday, October 09, 2002 1:02 AM
Subject: Re: [CANSLIM] Worley's Weekend Weeview


- ----- Original Message -----
From: "Logan, Scott L." <slogan@gosafeguard.com>
To: <canslim@lists.xmission.com>
Sent: Tuesday, October 08, 2002 1:07 PM
Subject: RE: [CANSLIM] Worley's Weekend Weeview


> I don't think the American public has realized the effects of losing our
> manufacturing jobs. Thousands of good paying blue collar jobs are
> disappearing from our landscape. But I like most everyone else enjoy the
low
> cost goods that American factories( and Unions ) have priced themselves
out
> of.
>
(Note: very off topic now but hey, the markets slow...)

Hear hear! Having been a machinist for 15 yrs and an NC programmer for the
last 7, I've watched the manufacturing industry nose dive. It's even more
shocking to read and hear things like, "the loss in manufacturing jobs this
month was offset by an increase in the service sector". Offset???! I guess
if your not in direct ly employed by manufacturing, it doesn't matter...yet.

I don't think we're going to see any change in the markets till there is a
real change in the manufacturing sector. It was fine while everyone was
preoccupied with the shooting stars of the internet and technology. Now, we
must make REAL products that can will be used by people now...not just the
future.

Each day I look at IBD I only see charts and comments about companies that
require the manufacturing sector to improve.  Ex: Financial, banks, consumer
goods, and medical related. None of these sectors can exist in a vacuum.

Hopefully things will pickup.


- -Bill




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