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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Voltaire who wrote (2096)	2/1/2000 10:28:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

constantly reminded of the term "blunt instrument" slowing down a fired up economy with more expensive capital is like: - slowing down your hyperactive son by using a dog choker collar - slowing down a car coasting downhill by dragging your feet it wont work effectively it doesnt target the abuse of capital specifically it slows down the fruitful use of capital at the same time NOTHING WILL STOP THE TECHNOLOGICAL REVOLUTION as long as: - effective returns on capital are realized - true efficiency is realized - new valuable industries are being built Tom Galvin of DLJ believes stocks including techs corrected in January with an eye of the FedMeeting... stocks were selling off up to last Friday... then stocks have rallied for two days... my point is this does not seem like a scenario whereby investors will SELL THE NEWS of a measly expected 25bp rate hike... Galvin called January a speed bump... so the metaphor would label the rate hike itself as the thump after hitting the pavement I dont think we sell the news tomorrow more like we continue after a weekend pause as for challenging new NazComp highs, I doubt it more like a sawtooth pattern upcoming as for challenging new QCOM highs, I doubt it more like getting back into the mean range: 140-160 over and out, now where are the gently rolling hills? / jim