Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (53468)	1/3/2001 3:33:33 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

Oh yeah <g> well ... (Lindsey is a really bad pick -- Bush is going to make it worse(r)) >>NEVER WRONG The Fed's move came as Bush was meeting with more than 30 business executives and chief executives about the state of the economy in a hotel in Austin, Texas. Suddenly Lawrence Lindsey, Bush's chief economic adviser and a former Fed governor himself, burst into an adjoining room where the media were being held to pick up the news from a television set. Asked how he felt, Lindsey beamed and said: ``Great. The Fed is always right.'' In recent weeks, Bush and his team have repeatedly warned the U.S. economy is at risk of a dramatic slowdown, arguing this bolsters the case for an aggressive tax cut that has been a centerpiece of Bush's election campaign. Wednesday's rate cut came hot on the heels of a slew of data which many analysts say have raised the odds of a sharp economic downturn that could hurt the rest of the world. While a majority of economists is as yet unwilling to talk about a looming recession -- officially defined as two successive quarters of negative growth -- almost all forecasters have been scurrying to slash their U.S. growth forecasts dramatically. A chilling report on manufacturing activity released on Tuesday added to the doom and gloom among many in U.S. financial markets. The National Association of Purchasing Manufacturers said manufacturing activity in December slumped to its lowest level in almost a decade. <<

To: pater tenebrarum who wrote (53468)	1/3/2001 3:37:39 PM
From: SeaViewer	Read Replies (2) \| Respond to of 436258

I suspect big trouble in some big banks, brokerage firms, etc. We will see. Yen is strong. Euro got whacked. I think ECB may low rates soon. It could be a coordinated mission.

To: pater tenebrarum who wrote (53468)	1/3/2001 3:41:34 PM
From: Les H	Read Replies (1) \| Respond to of 436258

It appears that Calif. proposed increase for the utilities is well short of the 20-30 percent increase sought by Edison and PG&E. It's 9 pct for 90 days. latimes.com

To: pater tenebrarum who wrote (53468)	1/3/2001 3:48:33 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 436258

<<50 bps. is a lot in one go, and suggests panic, presumably justifiable panic.>> Yep, the only remaining questions are: Who was in trouble and why? I think that holds the key to whether the cure "takes". FWIW, I don't think it will, but covered up anyway in order to catch some of the newly rejuvenated clown beauties (JNPR, BRCD, EMLX or the Flea) at the apogee. BTW, EIX and PCG are tanking HARD!