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To: GST who wrote (111808)	11/12/2000 6:38:41 PM
From: Sarmad Y. Hermiz	Respond to of 164684

>> Selling by foreigners is a wild card. GST, Regarding foreigners. I have read that for the first time (possibly in human history), India has a surplus crop in wheat. Enough so that they don't have room to store it, and must export it. "We have surplus food available with us...in a way we are going to have a problem of surplus. we have no go-downs (warehouses) to store the excess wheat that is coming into the market," he said. financialexpress.com I am wondering if you know if China is self sufficient in agricultural staples ? Where I am going with this is this. We know oil price will moderate. Other commodities are in depression. If India and China are sufficient in basic food, then there will not be inflation in neither food nor energy. Add to that the excess skilled labor released by the dot com collapse. Then inflation prospects will be very low. And I think the fed meets next week. So if the election mess clears up, as it must. The fed assures that it will not raise rates. And the market is at a plausible reasonable level. All we need now is some buying, and a rally could be sustained. Of course if everyone just sells into it, we're going a lot lower. But on the positive side. Semi stocks are 50% to 70% off their highs. I know they can go lower, but it seems to me not a whole lot lower. Since most of them are swimming in cash and their peak earnings are still ahead.