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To: Chip McVickar who wrote (42736)12/21/2000 3:35:32 PM
From: Lee Lichterman III  Read Replies (1) | Respond to of 44573
 
Totally agree with you but as long as AG is in the seat, I think we will do OK. Maybe a short term squeeze but the tanker should make it to port. it takes a while to turn this big ship.

My only unknown is since we over shot so much to the upside, how much will we under shoot the trend. I may have to go to a long term chart and see what matching overswings would give us.

Too many people watch the NASDAQ as someone just said on MDD. The SPX and DOW haven't given much and are doing what is needed. Going sideways letting earnings catch up to valuations. Some are a bit bloated though right here like KO, BA etc.

Good Luck,

Lee



To: Chip McVickar who wrote (42736)12/21/2000 8:55:04 PM
From: Patrick Slevin  Read Replies (2) | Respond to of 44573
 
The rumor is Bush is putting in the governor of New Jersey for EPA.

Now, the governor of NJ is no idiot but she is no scholar on EPA either.

This is a person that wanted to take all NJ cars off the road after they were 20 years old. Now I have a 1985 with about 59,000 miles on it and a 1986 with 36,000 miles on it and both are probably in better shape than cars around with 5 years under their belt. I keep these cars for my kids.

I also have a 1957 Ford. If the governor of NJ had her way she would have that car smashed.

I ask you, if cars were to to be undriveable after 20 years then where would we get our next collectible cars.

Look for this new National EPA person to be a mixed blessing. Some of her concepts are good, some are nuts.