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To: Eric Wells who wrote (108846)9/22/2000 5:57:55 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Eric: We have ineffective currency intervention, ineffective energy policy (the release of oil from the reserves will do zilch for final market pricing any time in the next 3 to 6 months) and interest rate cuts would take at least six months and usually much longer to have any impact -- with no realistic prospect of lower rates this year anyway. What we have is a stock market trying to figure out whether or not to price reality into the market -- reality is Naz 2000-3000. Reality seen through a drug-crazed haze is Naz 5000. By the way, have you seen the video footage of Europe lately? The oil protests shutting down whole cities -- London this past week. You could not even buy bread in the stores let alone buy gas -- all the stations were bone dry. Even ambulances could not get gas. The slowdown is coming and it will take no prisoners -- INTC is just a big, fat canary.