[SupplySider]

I can't believe Yahoo! Finance ran this story.

Reuters
Recovery Invisible, Firms Write Off 2003
Saturday January 18, 12:02 pm ET
By Lucas van Grinsven

AMSTERDAM (Reuters) - After two years of hoping in vain for a recovery, which many said was only six months away, companies are now writing off all of 2003 and focusing on 2004 for any improvements in their markets.

Two weeks into the new year, key European and U.S. companies have toned down their hopes for economic bloom. Slow consumer spending, a possible war in Iraq and the resulting high oil prices could further dampen business activity.

In the past week, airlines, technology and chemicals companies, banks and retailers have all said they are hesitant to predict the upturn for this year, opting for caution after misreading their markets during the past two years.

The chief executive of telecoms equipment giant Cisco, John Chambers, started off ...

The rest @ http://biz.yahoo.com..._outlook_1.html