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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: stockman_scott who wrote (35478)4/7/2001 8:40:31 PM
From: Jim Willie CB  Read Replies (2) of 65232
 
ScottMan, GreenMan is caught in a bind
he cuts interest rates via FedFunds guidelines
and he urges regional banks to liberalize the lending flow
but they dont

regional banks have tightened lending requirements
they know a recession is coming
they know bankruptcies are growing
they know economic conditions are deteriorating

the tightening of lending reqmts by bankers is the most disturbing development since the new year began
bankers are ignoring the Fed instructions
their loan portfolios are worsening

THAT IS WHY MZM IS IN DECLINE -- BANKS ARE NOT LENDING

I expect some big name tech firms to go belly up
Inktomi might be among the early ones
I read somewhere that Ford Motor is techically insolvent
oodles of DSL firms are in danger
NorthPoint was the first among many to drop into a casket
Covad could be next

no way, no how is $3 trillion coming out of stocks since summer 2000...
and a recession avoided
no way, no how

targets: Dow 7500, S&P 800
short the rallies, all the rallies
until CSCO is around 8-9 per share
all the air is coming out of this parade
/ jim
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