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 (40418)	8/20/2001 11:16:58 AM
From: limtex	Read Replies (1) of 65232

JW - Its just about all over for any of us who really believed in being bulls. The shorts have won and thats it. I hope they are now happy as they evidently love to see other peoples misery due to the ludicrous decsions to blow up the economy taken by the Fed last year and the year before. Even the shorts now point to the fact that job adverts collpased in Jan/Feb 2000. That was a time when we were constantly being scared stiff by the Bond Babe and her cakcling about drum tight labor markets. They were not quite a drum tight is apparently feared and neither it transpires were the GDP numbers as good as tehy were though to be. The only problem, as per usual, was OPEC. You remember that really nice bunch of good friends of the US who thought they weren't getting enough out of the worlds efforts so they again used their monopoly to gouge us yetr again. I don't blame them. I blame us, all of us who have let this unpleasant nasty little menace go on for far too long. That apart there was no inflation, lower GDP than first thought and business was growing but that isn't a crime. All that was cast aside and blown to the wind by the FED because imho they targetted the NAZ, They just didn't like what was happening there. So no matter what the cost they destroyed the economy. Repairing it is not so easy. BEst regards, L

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