VOLTAIRE'S PORCH-MODERATED Message Board

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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Jim Willie CB who wrote (39159)	7/18/2001 7:49:55 AM
From: limtex	Read Replies (2) of 65232

JW - 1. The brakes are in effect still on hard. I say that given the situation of a slump that is now comonly being referred to as the worst since the early 80s. As I say given that we are now in full recession and heading down the FED ought to have been agressive and the current rate is not agressive in relation to the worst recession for 20 years ( and probably for over 60 years). As you rightly point out there was an inverted yield curve and I recall many posts warning that inverted yield curves ALWAYS precede recessions. I posted many times that Mr G was targetting the NAZ since he had an irrational obsession with people getting rich from the market. There is still a danger that people could recover their losses and resume their interest in the market and my guess is that Mr G wants to avoid that danger at all costs regardless of the consequences to the economy or the World economy. That in my view is why he has kept the brakes on and keeps the market from recovering or rallying in any meaningfull way. His job now is to once and for all break peoples desire to own equities. He is on his way to succeeding. Best regards, L

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