all the signs of a bear market, page-17

when we get to the agm's following 2006 preliminaries you'll be getting ceo's and chairman talking ....

'if rates go up much more our bottom line will suffer. we are finding that there is a bit of a slowdown in some areas of our business but we expect to do as well as last year'

TRANSLATED into clear analysts jargon :
we are paying out more on interest than before. our profits are stagnating. if our customers feel the same pressures then we're not likely to match our forcasts for next year'

old saying :
dont buy when interest rates are moving up

NB
the rises up from 1% in us was a readjustment back to equilibrium. we are now past neutral and moving into first gear of the inflationary train. times can be very dangerous.

you invest with the warnings plastered on your forehead by forty.

be good

czech 3 brazil 1