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To: PaulM who wrote (56991)	8/3/2000 7:02:43 PM
From: Crimson Ghost	Respond to of 116959

I bought a fund today that plays Japanese tech stocks only. It usually follows the NAZ with a one day lag. But this is strictly a short-term trade. I still expect the NAZ to test its spring lows before many weeks have passsed.

To: PaulM who wrote (56991)	8/3/2000 7:07:50 PM
From: Alex	Read Replies (2) \| Respond to of 116959

<<Fearless Forecast: Productivity Growth Will Weaken "Further Gains in Productivity Are Predicted," declared The Wall Street Journal on Tuesday in a three-column headline: "Economists Say Study Has Made Them Believers in the New Economy." Not our economists. The scholars on the Grant's Interest Rate Observer payroll are predicting a feeble rise in the rate of productivity growth for the second quarter and a downward revision in productivity growth for the first.>> grantspub.com