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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (7277)	12/30/2000 4:22:03 PM
From: Bucky Katt	Read Replies (1) \| Respond to of 13094

Jim, the FED had to mop up all the excess easy money they floated into the system for Y2k, so they were caught between a rock & a rock. They screwed up, simple as that, and once things start to get out of hand, they tend to overshoot to the other side. European telcos also have the same debt problems that some of ours have, and by default, so due their bankers. Europe should be interesting, let me know what you find, fund wise? Good article in todays Barrons with Jerry Jordan, a good read, and he likes energy and energy infrastructure, and he is right, look at the power/gas mess in Calif. There is big money to be made in these sectors. From reading the interview, he thinks like I do, this excerpt is exactly the same thoughts I had about crude oil, when it was $10 per, and why I went long> "Jordan: I try to identify long-term themes well before they come to fruition and start to participate in them. As I see evidence the theme is working, I press my bets and start to concentrate. Well, a year and a half ago, I stopped to fill up my car with gasoline and buy a couple of gallon jugs of spring water at a gas station, and I realized that I was paying more for the water than the gasoline. I thought to myself: "There is something wrong with this," and I started to do some preliminary work. The more work I did, the more I realized that the entire area had been overutilized, underresearched and underinvested from a fundamental standpoint. And I came to the determination this past summer that we are not going to have a long recession, and we are not going to have tax cuts because this country is going to have to invest hundreds of billions of dollars in the energy infrastructure."