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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Mike Buckley who wrote (38756)	1/31/2001 6:49:52 PM
From: limtex	Read Replies (1) \| Respond to of 54805

MB - I thought the rate increases started late in 1999? And the market tanked in mid March 2000. As for recession no-one else seems to doubt that now. See how Mr Chambers was talking in Davos last week. Look at what is happening to some companies sales. Look at SNDK, one part of the sals collapsed suddently in December surprising even Eli. MSFT also referred to sales around the World suffering a sudden and massive decline in December. And they aren't the only ones. The scary thing is that the sales collapse only just started! As for the recernt headfake to 2,800 my guess is that won't last past the second week of February. It started today and the Naz looks set to carry on right where it left off before the surprise early Jan cut. The futures are already down and look set to set off another usual Naz day of a 100 or so down tomorrow if we're lucky. Yes I agree the economyis slowing and that is the issue. How long? Months or years. Given the economy is still braking hard how can anyone even conceive of a recovery. 1/2% did nothing to sentiment and business confidence never mind sales, and judging from the reaction to todays cut of another 1/2% I don't see that changing a thing. How long? Months or years that is the onl question and it can't really be answered till the economy stops declining. Best regards, L