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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: limtex who wrote (32979)3/10/2001 10:45:16 AM
From: Voltaire  Read Replies (2) of 65232
 
Limmer,

Pleaseee, give me a break. If you can't tell the Houses are back in control with yesterday's action then you just don't want to see it. I am not saying we are going to burst forward but if you think we are going much lower, WRONG.

Remember, the Houses know there are two ways to make money here, one, get your stock from you while everything is being beaten down, downgrade, downgrade and downgrade to get earnings expectations to where they can be met and they are most certainly assisted by the CEO's of companies like INTC and CSCO because they realize the same thing. So you see it is not a question of how much lower we are going but how do we set our selves up to aggrandize our company's stock value once we turn. Chambers and Grove are not stupid. You do these things after you have been taken out and shot by the Houses. They are smart CEO's and know what they have to do and they are two of only a few that have that kind of influence.

The Houses and the CEO's of companies like CSCO and INTC realize they need at least a 50 basis point cut and that is why I don't look for big things until rate cut day.

The only area that I feel the fed might be making a huge mistake on is underestimating the purchasing power that has been lost by the severity of the NAZ's fall.

Deep recession - BULLS---!

V
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