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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: seahorse who wrote (28693)1/10/2001 6:56:22 AM
From: limtex  Read Replies (1) of 65232
 
seaah - I don't relish gloom and doom. I find it it particularly upsetting that there has been virtually no change in the scenario since Labor day.

As for getting old yes it is getting old now, in fact over ten months old since mid March and no end in sight.

It is clear that for whatever reason people ignoring the 1/2% cut. Probably the old once bitten adage in that no-one wants to lose any more ever again and investing in the Naz is the equivalent to throwing your money away. People seem to have just lost any confidence in the Naz with a small number of exceptions and even those sooenr or later get downgraded and then cut in half.

Best regards,

L
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