Fed Frustration Fuels Furious Fall
The hottest toy for the stores when the holiday season rolls around this Winter 2001, will be the Alan Greenspan dartboard. Imagine the fun you and the kids can
have as you toss those metal tipped darts at the smiling face of the Federal Reserve Chairman!
Seriously, many investors and analysts are licking their wounds this week as the Fed disappointed Wall Street and Main Street with a more modest interest rate
cut that we were all hoping for.
The Fed has displayed anything but an aggressive personality when it comes to making moves to stimulate the economy. The 50 basis point cut we did get was
really all anyone could hope for in one movement by the Fed, although the door has been left wide open (actually it has been blown off the hinges!) for future
cuts.
The Fed did send a clear message to Wall Street...they are not here to bail Wall Street out!
Funny...the Fed did not seem to have any problem in 1999 and 2000, when it made the moves which have ultimately caused the bear market we now find
ourselves in.
The stock market is very cyclical...and history shows that the end of a bear market is always a rough and tumble ride...using history as an example, the bottom
is either here or near and the ride should begin to get smoother.
Hollywood, CA-Emerging Company Report is the nationally syndicated television program profiling emerging-growth companies
(http://www.emergingcompany.com), featuring informative interviews with the CEOs, insights into their operations and outlooks for their futures.
Featured companies on this week’s edition include;
CEO Gerhart Walch described Wall Street Financial Corporation (OTC-BB: WSFC) as a land holder and developer in the country of Belize. The Hawaii based
company owns in excess of 31,000 acres in Belize, which is in Central America, south of Cancun, Mexico.
“Belize is a beautiful, unspoiled, lush and tropical country”, said Walch. “now that a new international airport has been completed, tourism will become a major
industry. Americans can fly nonstop to Belize.” The company revealed plans for hotel, resort and golf course development, relying upon their experiences in
Hawaii.
Touchstone Resources, Ltd. (CDNX: TUT) President Mark Bush updated the audience about their drilling progress on several projects in Texas.
Anthony Lapine, CEO of Semotus Solutions, Inc. (AMEX: DLK) spoke from the Wireless Convention in Las Vegas, where he updated his company’s
progress, with an outlook for the future. “We have $10 million in cash, a low burn rate and expect to be profitable this year”, said Lapine.
Steve Rosenthal, President of The Majestic Companies, Ltd. (OTC-BB: MJXC) announced his company had received a $2.4 million contract for modular
classrooms in California.
Jay McFadden, CEO of Juina Mining Company (OTC-GEMM) announced technology which can convert brown diamonds to white.
Larry Stockett, President of Hightec, Inc. (OTC-HTEH) stated that while the $20 million financing announced earlier had “fallen through”, other financing
alternatives are in negotiation with a bright outlook for completion soon.
Free information packages from the featured companies can be requested by sending an email to info@emergingcompany.com.
Viewers of Emerging Company Report can receive free information in the mail about featured companies by calling a toll-free phone number on their TV screen.
The weekly television program debuted in 1996 and is seen nationally on Friday evenings at 11:00 ET, 8:00 PT, Saturdays at 4:00 PM ET, 1:00 PM PT and
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Emerging Company Report television program, Copyright 2001, all rights reserved. Emerging Company Report does not provide an analysis of companies'
financial positions and is not soliciting to purchase or sell securities of the companies, nor are we offering a recommendation of featured companies or their
stocks. Information discussed herein has been provided by the companies and should be verified independently with the companies and a securities analyst.
Emerging Company Report has been paid a cash fee of $11,500.00 by the featured companies, does not accept company stock as payment for services, does not
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