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To: John F Beule who wrote (18036)1/8/2001 3:49:19 PM
From: limtex  Respond to of 60323
 
JFB - I thought we'd see smoe change in mood this year. All the excuses about the various reasons for selling are gone now and there is nothing left.

We finally have Mr G surprise dropping interest rates by 1/2%, that has only happened once before in the last 100 years. A full 1/2 % said quickly it doesn't sound a lot but for Mr G it is huge, and what did it do......it lasted three hours and the shorts took over again this time with conviction.

It just seems to me that its not over and with that kind of reaction to an interest rate reduction the correction is in full swing with the shorts.

MM has a better feel than do I for the direction. He has a very good touch. I'd like ot hear his view today..

Best regards,

L