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To: High-Tech East who wrote (36167)10/5/2000 3:44:18 PM
From: JC Jaros  Read Replies (2) | Respond to of 64865
 
Ken - You're just months away from being institutionalized. Shouldn't you be spending more time outside the house? <g> -JCJ



To: High-Tech East who wrote (36167)10/5/2000 4:22:13 PM
From: cheryl williamson  Read Replies (2) | Respond to of 64865
 
Still not much to go on... The technical analyses
from the contrarian newsletter sounds like Chicken-Little
who had graduated from Yale & drank too much coffee the morning it was written.

Lots of words, lots of speculation, not much substance.

Relative currency rates and their attendant short-term
consquences have come & gone. Unless they point to some
fundamental weakness, though....

So, we intervene w/the Euro. It may be ok to do so
without weakening the dollar so much that it causes
massive inflation of consumer prices or mass exodus
from the nasdaq or s&p500. A slightly stronger Euro
is in our best interests as an economy.

What does concern me is Oil. Even more disconcerting
is an overall lack of Energy policy from out esteemed
federal gov't. Oil always has international geo-political
implications and our country is in desperate need of
a *coherent* strategy/policy/program to at the same time:
o improve conservation
o fund/incentivize r&d on alternative energy sources
o encourage domestic exploration & drilling
o increase processing capacity

Releasing 30m barrels from the strategic reserve in order
to lower prices does not strike me as part of a coherent
strategy. It looks more like a desperation-move.

World-wide energy consumption is increasing as the
economies of third-world nations grow and prosper. More
energy sources are needed to increase the supply, other-
wise we could be gradually choked by our own success.