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To: CAtechTrader who wrote (17432)	5/3/2000 7:31:00 PM
From: Voltaire	Respond to of 35685

They AIN'T going much higher boys. After they witness the destruction to the DOW over the next few weeks they will realize they have cried wolf one too many times on the Naz and let the Horses run. v

To: CAtechTrader who wrote (17432)	5/3/2000 10:32:00 PM
From: Jim Willie CB	Respond to of 35685

exactly, CATTrader, strong US$ is a builtin dampening mechanism we are close to done with rate hikes a note on contrary nature of how I view economist opinions economists (whether govt or brokerage or institution) are the most inferior and incompetent statisticians who practice their craft in this country... I have known several of them... unfortunately, predictive tools dont work very well in the 20-dimensional space demanded... they tend to be greatly influence and biased by political forces, by the direction of today's wind, and by the adulation brought by their perceived importance... they also expect the future to unfold as a continuation of the present (straight line forecasting)... that doesnt work doesnt change a thing: they suck in their forecasting the Federal Reserve pathetic record of forecasts was outlined in full glory about one month ago in Barrons with Napoleon Greenspan ignominiously portrayed on the cover I look to identify the 80-90% majority opinion espoused by economists... right now that opinion is for a 50bpt rate hike, and at least two such hikes to quell this overheated economy my conclusion: the economy is showing the final effects of Y2K explosive activity the Fed will hike 25 bpt once more economists serve as their own contrary indicator been that way for decades they sure do corner the TV tubetime though some networks haul them back on to defend their wrong positions / Jim Willie GrassHopperSon

To: CAtechTrader who wrote (17432)	5/3/2000 10:32:00 PM
From: Jim Willie CB	Respond to of 35685

exactly, CATTrader, strong US$ is a builtin dampening mechanism we are close to done with rate hikes a note on contrary nature of how I view economist opinions economists (whether govt or brokerage or institution) are the most inferior and incompetent statisticians who practice their craft in this country... I have known several of them... unfortunately, predictive tools dont work very well in the 20-dimensional space demanded... they tend to be greatly influence and biased by political forces, by the direction of today's wind, and by the adulation brought by their perceived importance... they also expect the future to unfold as a continuation of the present (straight line forecasting)... that doesnt work doesnt change a thing: they suck in their forecasting the Federal Reserve pathetic record of forecasts was outlined in full glory about one month ago in Barrons with Napoleon Greenspan ignominiously portrayed on the cover I look to identify the 80-90% majority opinion espoused by economists... right now that opinion is for a 50bpt rate hike, and at least two such hikes to quell this overheated economy my conclusion: the economy is showing the final effects of Y2K explosive activity the Fed will hike 25 bpt once more economists serve as their own contrary indicator been that way for decades they sure do corner the TV tubetime though some networks haul them back on to defend their wrong positions / Jim Willie GrassHopperSon

To: CAtechTrader who wrote (17432)	5/3/2000 10:32:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

exactly, CATTrader, strong US$ is a builtin dampening mechanism we are close to done with rate hikes a note on contrary nature of how I view economist opinions economists (whether govt or brokerage or institution) are the most inferior and incompetent statisticians who practice their craft in this country... I have known several of them... unfortunately, predictive tools dont work very well in the 20-dimensional space demanded... they tend to be greatly influence and biased by political forces, by the direction of today's wind, and by the adulation brought by their perceived importance doesnt change a thing: they suck in their forecasting the Federal Reserve pathetic record of forecasts was outlined in full glory about one month ago in Barrons with Napoleon Greenspan ignominiously portrayed on the cover I look to identify the 80-90% majority opinion espoused by economists... right now that opinion is for a 50bpt rate hike, and at least two such hikes to quell this overheated economy my conclusion: the economy is showing the final effects of Y2K explosive activity the Fed will hike 25 bpt once more economists serve as their own contrary indicator been that way for decades they sure do corner the TV tubetime though some networks haul them back on to defend their wrong positions / Jim Willie GrassHopperSon

To: CAtechTrader who wrote (17432)	5/3/2000 10:33:00 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 35685

exactly, CATTrader, strong US$ is a builtin dampening mechanism but it usually ends with a climax resulting in a blowoff stock rally and big damage to foreign economies either way, we are close to done with rate hikes a note on contrary nature of how I view economist opinions economists (whether govt or brokerage or institution) are the most inferior and incompetent statisticians who practice their craft in this country... I have known several of them... unfortunately, predictive tools dont work very well in the 20-dimensional space demanded... they tend to be greatly influenced and biased by political forces, by the direction of today's wind, and by the adulation brought by their perceived importance... they also expect the future to unfold as a continuation of the present (straight line forecasting)... that doesnt work doesnt change a thing: they suck in their forecasting the Federal Reserve pathetic record of forecasts was outlined in full glory about one month ago in Barrons with Napoleon Greenspan ignominiously portrayed on the cover I look to identify the 80-90% majority opinion espoused by economists... right now that opinion is for a 50bpt rate hike, and at least two such hikes to quell this overheated economy my conclusion: the economy is showing the final effects of Y2K explosive activity the Fed will hike 25 bpt once more economists serve as their own contrary indicator been that way for decades they sure do corner the TV tubetime though some networks haul them back on to defend their wrong positions / Jim Willie GrassHopperSon