VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (10383)	10/30/2000 8:31:48 PM
From: limtex	Read Replies (2) of 65232

Vol - Well you have tried hard ot keep everone's spirits up for over 6 months but we have now it seems to me to take a look at the landscape. It is now crystal clear that the policy of hanging on or in has been an unmitigated disaster the end of which we haven't even seen. This is the worst crash since 1974 and possibly this century. It odesn't look at all like it but for the popular stocks it has been so. We have in Mr Greenspan someone who I feel despite his oft repeated denials has targeted the NAZ and by an interest rate regime that is too tough too long. He shows no sign of making any concessions here. Day after day, week after week we have watched as warnings lead to a cutof 50% in a stocks value and exceeding the estimates quite often leads to a sell of too but all too oftern means nothing to the stock. QCOM is gonig to be another example on Thursday. It might hang in till Thursday night but then A/H after the anjouncment it will tank likethe others and thats inthe unlikely event that is makes the estimates. It should have been out in July/August. Not in March or May. To have ignored those drops would have been understandable but July August should have been get out time and don't get back for a couple of years or more. This is no ordinary crash. It is becoming clear that it is one of those once in a lifetime affairs that someone mentioned on a thread last week. Barton Biggs will probablyturn out to be right when he predicted NAZ 2,500. Best regards, L

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