VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Bandit19 who wrote (32835)	3/9/2001 3:42:34 AM
From: limtex	Read Replies (1) of 65232

Bandit - What hope is there? I posted this on the Q thread yesterday. One or two people were a bit aggresive when I posted similar to you on this thread of the last few months. Zeev Hed reckoned on a bit of a rally after the Febraury massacre. Seems like that isn't going to happen and we are still right in the middle of a tremendous collapse of the tech economy. How many companies are going to show any material growth at all this year. Seems like we are now getting to the point of recognition that we are going to see a never ending stream of companies warning and contiuing to warn and these warnings getting progressively worse as the collapse braodens and deepens. Talk of a recovery in 2H is beginning to look hopeless and that the sheer bleakness of the landscape is causing many to lose all hope of any recovery in tech. I posted last year that I thought Mr G was inent on crushing the very life out of the Naz and that he would teach us all a lesson that we would never forget. He is well on his way to doing that as far as I am concerned maybe others too. I also said that he would do this regardless of the effect it would have on the economy. Sadly events have proven me right. Many replied to me that I was a Chicken Little or inexperienced and that of course it wouldn't get as dire as I was predicting. I wish I had had the courage to act on my own feelings but Mr Hope took over and he is the most expensive luxury that anyone can ever afford. I think we are only now beginning to realize quite to what lengths Mr G would go to destroy the Naz bull. It is my sad guess that he is not even finished today. He refers to dams breaking and not being able to accurately predict when they will crack. In other words forget about soft landings. I believe he is as good and cleaver as many believe and that he knew exactly what he was doing when he would up interest rates to the levels he did last year and then maintained them there in relative terms to where today they are possibly even higher relative to the economy's state than they were a year ago. This man still has the US economy by the throat and is now visibly squeezing the life out of it. The economy is gasping and now the German economy is falling off and frighteningly quickly. The effect will soon reverberate back to the US and so on. The economy is clearly gasping and in the circumstances a mere 0.5% reduction in 10 days is painfully absurd. I can not imagine why this man is allowed to wreck one of the greatest peacetime economies that has ever been known. Best regards, L

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