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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (31461)	2/20/2001 7:46:53 PM
From: Dutch	Read Replies (1) \| Respond to of 65232

Layoffs were addressed on the Fool broadcast this weekend I believe. Jobs added since 1990 24 million. In the short to intermediate term employers overestimated product demand and consumer confidence. I may be wrong, but we are and have been near a bottom for some time. We have two major events in the longs favor from a historical perspective. 1) 2000 market performance. Rarely do you see multiple down years...especially following last years debacle. 2) Lowering of interest rates. Rarely do we see market declines in the face of lowering debt service across the board. Remember when we all sat here and said AG raise them again and laughed as they had no effect, because tech was immune to them. We wanted to believe it and the pundits kept saying on CNBC so it must be fact. Last week on CNBC some short, having his day in the sun, was speaking of how lowering interest rates would have no bearing on tech. That is when dawned on me that we were saying the same last year. I hope the denial and justification are an omen of safe harbors. Selah, Dutch