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To: Gersh Avery who wrote (9109)	2/28/2001 12:56:32 PM
From: Jurgen Trautmann	Respond to of 11051

"Let's see" - guess that's a worldwide phenomenon. AG: 3/20 - could mention @ NAZ 1500 (oct 99). But honest: what can a ratecut change actually? Eventually a realistic key-support-level? Why? We had a chance if investors would rate companies more selectively. I fear we're facing more bad news soon: 1. US-recession cannot stay long without impacting Europe and Asia. 2. Recession will infect more and more traditional companies: you can see first doubts about GE today. There's a lot selling-opportunity till dow 7500 as of oct 99. 3. Nobody can predict how far the series of nutrition-catastrophes will go; fact is, that's not for free. Today I read - how could it be different, this kind of "ideas" use to come from US - that beef-production in US is made by the same iditiotic* industrial methods like here. However, for today the worst could be through? Who knows... Jury * "modern" breeding: 50-80% energy-waste (food/beef) "natural" breeding: 200% energy-gain (food/beef/milk)