VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (34954)	3/29/2001 3:28:33 PM
From: stockman_scott	Read Replies (1) of 65232

<<. Houses continue selling>> V: Which Houses are you talking about <VBG>...? Actually real estate values have remained inflated in the Chicago area. Yet, the I-Banking Houses (like Pain in the Assets Webber) have been selling /shorting the nasdaq. They sure haven't done a very good job supporting the market. Then again neither have their BIG institutional clients like Fidelity or Janus...One of these days we should see the Naz bottoming out, stabilizing and slowly rebuilding. It may take some time though. Incredible damage has been done -- look at the loss in market value for firms like ARBA, BRCD, CSCO, ITWO, JNPR, NTAP, SEBL, etc...These are all profitable firms -- yet their visibility is poor in this environment that Greenspeak and his cronies at the FED created. I firmly believe that 6 CONSECUTIVE Fed Fund Rate Increases just squeezed a lot of juice out of the economy --look at how cautious corporate purchasing managers are... Oh well, eventually this storm will pass. Best Regards, Scott

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