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

To: Nick who wrote (25133)	12/14/2000 6:15:23 PM
From: limtex	Respond to of 65232

Nick - Bloomberg got some Euro fund managers on and they say that the market is now in uncharted waters with over 20% of the Dow warning. They say talk of NAZ 2,300. This degree of slowdown has never happened in history and reacting to it and stopping the collapse of the economy will demand skills that have never had to be deployed before and in a hurry. Mr G sis act very quickly in 1987 after he put up intrest rates and cuased the market to crash and he panicked then and almost immediately dropped interest rates big time. This time my guess is that he is so obsessed with the NAZ climbing that he won't do a thing practical and I consider practical as anything less than at least a 0.75% cut. Still I don't believe he will do that next week so ...... The sadthing is that this is now a continuation of the sickening daily NAZ drops. No let up no peace of mind just every day waiting for the next disaster to strike. This is the fourth downward lurch from a ledge and this time my guess is that the bottom is below 2,000. Best regards, L