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To: crdesign who wrote (5039)2/25/2000 9:22:00 AM
From: Jim Willie CB  Respond to of 35685
 
econ: GDP revised to 6.9%
productivity revised up also, but only heard of 6% or higher

remember in late autumn I predicted productivity would be catapulting from Y2K investments to the unheard of range of 6-10%

we are getting those early productivity figures now
we may not see the backside Y2K easing on demand side
this tech revolution is astonishing

Merrill Lynch strategist graybeard type said last night he expected Dow to scrape bottom at 9500 or so
he thought strangely that it would make next 500 pt drop after Dow technology issues finally fell on the down weight
but he lost my flag when he said value stocks in second half would outperform
he must have been ordered by ML to say that

just how long can Naz say FU to Greenspinner

gonna head down to Naples and picket the Bush hospital
gonna have a sign about Taiwan or Kosovo

/ Jim