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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: limtex who wrote (20349)	11/28/2000 10:42:21 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 65232

re: "Normal corrections we've lived through over the last few years but this is something else." this is the painful second leg of a longterm correction the bull run was for five years, starting LaborDay94 this is a correction after Naz rose from 900 to 5000 a 5/8 retracement puts Naz at 2440 a 1/2 retracement puts Naz at 2950 I think earnings for Q4 are gonna be more trouble and forward guidance will be gruesome I agree with what Stockman said any Fed rate cut will take 4-6 months to be felt just like climax stupid rate hikes in May took until now to be felt that was a colossal error by the Federal Reserve we are paying now for their errors and it will take two full quarters to reverse that error I just cannot believe how I called the Fed's excessive tightening how I called the Nov-Dec timeframe for climax slowdown effect BUT REMAINED LONG the doctor diagnoses me as "pathologically bullish" maybe I deserve to be culled by the Fed we got a rally with little conviction coming both prez election conclusion and Fed neutral bias will assist a desired yearend rally but it will only set up another leg down, perhaps large excuse me, but Jim Jones is at the door bearing drinks / Jim