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To: Jim McMannis who wrote (14958)10/18/2000 8:00:28 PM
From: Monty LenardRespond to of 275872
 
You telling me there is another one at 10 ish? My chart is so scrunched up back then I can't see it.

thanks for the response on my question. Sounds reasonable to me and sounds like we could have us a slow grinder here. That is why I sold the CC's today on the stocks I bought early this am. I wanted them but I wanted plenty of protection to a level that I felt REAL comfortable with.

Monty



To: Jim McMannis who wrote (14958)10/18/2000 8:44:48 PM
From: fp_scientistRead Replies (1) | Respond to of 275872
 
Jim,

Right now Wall Street is paranoid about next year and uncertainty freaks them out.

We have had a booming economy with practically no inflation, low unemployment, and huge productivity gains ("new" economy). The gloomy picture now is inflation (thanks to high energy prices) + a huge slowdown (thanks to previous Fed hikes). So what's the Fed supposed to do? Hike rates because of inflation or ease because of the slowdown? They will probably do nothing ... Have they ever managed a successful 'soft-landing'? The "R" word combined with high energy prices is pretty scary. Today's reported CPI is worrisome. They are probably thinking about farther tightening up after the election, IMO. This market may still be far away from its bottom. On the bright side, I am always pessimistic and worry too much!

Regards,
fp