RE:RE:RE:RE:RE:RE:RE:Tepid forecastin no way did EM put anyone on alert for a downcycle
Martel only implied that current levels of book to bill may not last forever, which is both smart and prudent considering that book to bills of 1.7 and 1.8 are almost unreal in any large business
he also strongly implied book to bill would continue to be greater than 1 for another year
this fantastic news
the strong growth over the past year was based on a recovery to normalcy, not euphoria for anyone who understood what was happening under the hood
most, if not all, of the quick money investors have exited over the last few months, by definition they do not affect the price over longer timeframes, only add volatility, they won't be missed, do you have another point to make?
time for what EM promised to come to the fore - a return to predictable, steady growth - and all indicators agree with his direct comments that it is coming even faster than he had hoped