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To: Crimson Ghost who wrote (80659)	12/3/2000 3:25:44 PM
From: BigBull	Read Replies (1) \| Respond to of 95453

George, Gottfried and Slider Intersting how these early cycle jobs keep rallying, isn't it? finance.yahoo.com The continuing rally in the home builders amazes me! I am not suggesting that anyone buy these right here, right now as they've had a good run along with bonds, still their rallying "seems" to indicate that the US will not completely fall into the abyss and are suggesting that the US economic contraction may be of a relative short duration. By relative, I mean a quarter of negative growth, maybe a bit more. Still, the stockmarket overvaluations were so extreme during the last bull phase that a 50% bear in the Naz and a 20 to 30% Dow bear are quite reasonable. 1850 is the long term trend line for the Naz and It may hit that number intraday. My bet is that interest rate reductions "catch" once again as they will be global in scope. The US consumer demographics are still strong but will take longer to re-assert themselves due to high debt levels. Maybe European and Asia consumers lead the way out this time? Heresy, I know. Lower rates and a Bush tax cut? The impossible dream? Oh well, back to the bomb shelter <g>.