Perry;

Sounds like the same folks who gave us the same story in 1990. It has been a long six months! L.A. never got back where it was and now we have a new economy downfall. :)

What happened to all those asinine predictions about how the economy and tax revenue would be for the next 50 years? They were all predicated upon a growing economy with no economic downturns. Economic downturns? Why they are a thing of the past! The government should spend money (and does) based upon these 50 year projections. If revenue does not meet expectations then simply increase taxes. That solves all problems!

Do you think politicians will be downsized during an economic downturn? :)

Tom

>And the scary part is that these are the same folks who say don't worry, the economy is going to turn around in 6 months.
>
>PF
>
>>Here is another example of so called experts - this time stock analysts recommending Enron shortly before the collapse:
>>
>>On October 9, 2001, five Goldman Sachs analysts released a report citing Enron as "still the best of the best," and "strongly" reiterated their recommendation, with the expectation that the shares would "recover dramatically in the coming months." Earnings estimates for 2002 were cut to $2.15 and the price target was cut to $48, representing a 43.5% improvement from the October 9th close of $33.45. Taken from the article entitled "Who do you trust" at http://www.cross-currents.net/charts.htm.
>>
>>Enron is now trading at 67 cents...
>>
>>>Jeff,
>>>
>>>I listen to industry "experts" all the time to get their opinion on things. Thats why I firmly believe the CEO from Anderson when he stated on tv on Sun that Anderson did nothing wrong in the Enron case. And that Anderson is in a great financial position and won't suffer any ill effects from the fallout.
>>>
>>>>
>>>>If Pete is concerned about learning a language that will be "popular", Java and specifically J2EE is the obvious choice (according to industry "experts").
>>>>