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Pastimes : Making Money and Preserving Capital on the OTCBB Market

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To: Wayne Rumball who wrote (219)	2/2/2001 1:35:17 PM
From: ChrisJP	of 268

Well Wayne, unemployment went from 4.0% to 4.2% in just 1 month .... Like nobody besides me could see this coming in May or June last year ? The mystery to me is what took so long, lol. And I'm pretty sure there were plenty of layoffs announced this month that will show up in next months numbers. Not even sure why anyone would mention "job creation" when clearly "job destruction" dominated. If we get to 4.6% or greater in the next 3 - 4 months, no matter what anyone on TV says -- it will be a recession. The stock market used to look 6 - 9 months ahead. Clearly that didn't happen in early 2000. Rate hikes were ignored for 3 months, until it was clear the economy had peaked and had no other choice but to head down. I'm guessing the correction will be no different. When you really think about it, what news does the market need to rally other than 100 basis point cut in under a month ? I'll go out on a limb and guess after April 15th, maybe in May, we'll have bottomed. Of course, if we have a "weak dollar crisis" or an Asian economic meltdown, all bets are off. Chris

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